A) 4 times
B) 5 times
C) 6 times
D) 7 times
Correct Answer: C
Solution :
[c] 6 times |
Hint Debtors Turnover Ratio = \[\frac{Net Credit Sales}{Average Trade Receivables}\] |
\[=\frac{21,00,000}{\left( 2,00,000\text{ }+1,50,000 \right)}\]= 6 times |
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