From the following information, calculate debtor's turnover ratio : Closing debtors ₹2,00,000, Cash sales 25% of credit sales; Excess of closing debtors over opening debtors ₹80,000, Total sales ₹12,00,000

CS Executive · Corporate and Management Accounting · PYQS · December 2021
From the following information, calculate debtor's turnover ratio : Closing debtors ₹2,00,000, Cash sales 25% of credit sales; Excess of closing debtors over opening debtors ₹80,000, Total sales ₹12,00,000
(A) 3 times
(B) 4 times
(C) 6 times
(D) 5 times

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Management Accounting

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