The balances of some of the assets and liabilities as on 31-3-2017 are: Cash ₹10,000; plant ₹2,00,000; Bills Receivable ₹5,000; Goodwill ₹90,000; Debtors ₹25,000; Stock ₹20,000; Creditors ₹20,000; Bills Payable ₹10,000 a
CS Executive · Cost and Management Accounting · PYQS · December 2017
The balances of some of the assets and liabilities as on 31-3-2017 are: Cash ₹10,000; plant ₹2,00,000; Bills Receivable ₹5,000; Goodwill ₹90,000; Debtors ₹25,000; Stock ₹20,000; Creditors ₹20,000; Bills Payable ₹10,000 and Cost of Sales ₹1,80,000. In this case, the Working Capital Turnover Rato is: (A) 4 times (B) 5 times (C) 6 times (D) 10 times
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Ratio Analysis
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