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प्रश्न
Calculate Trade Receivables Turnover Ratio from the following:
| ₹ | |
| Total Revenue from Operations for the year (Total Sales) | 12,00,000 |
| Credit Revenue from Operations (Credit Sales): 70% of Total Revenue from Operations | |
| Revenue from Operations Returns (Sales Returns) (out of Credit Revenue from Operations) | 40,000 |
| Opening Trade Receivables | 73,250 |
| Closing Trade Receivables | 86,750 |
संख्यात्मक
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उत्तर
Trade Receivables Turnover Ratio = `"Net Credit Revenue from Operations (Credit Sales)"/"Average Trade Receivables"`
Credit Revenue from Operations = 70% of Total Revenue from Operations
= `70/100 xx ₹ 12,00,000`
= ₹ 8,40,000
Net Credit Revenue from Operations = Credit Revenue from Operations − Sales Returns
= ₹ 8,40,000 − ₹ 40,000
= ₹ 8,00,000
Average Trade Receivables = `("Opening Trade Receivables" + "Closing Trade Receivables")/2`
= `(₹ 73,250 + ₹ 86,750)/2`
= `(₹ 1,60,000)/2`
= ₹ 80,000
Trade Receivables Turnover Ratio = `(₹ 8,00,000)/(₹ 80,000)`
= 10 Times
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