Closing debtors are ₹8,00,000 which are 125 percent of opening debtors. Cash sales is 25 percent of total sales. If the debtors turnover ratio is 4 times then the amount of total sales will be ________.
CS Executive · Cost and Management Accounting · PYQS · June 2019
Closing debtors are ₹8,00,000 which are 125 percent of opening debtors. Cash sales is 25 percent of total sales. If the debtors turnover ratio is 4 times then the amount of total sales will be ________.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Financial Statement Analysis
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