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Question
| Credit Revenue from Operations, i.e., Net Credit Sales for the year | 1,20,000 |
| Debtors | 12,000 |
| Billls Receivable | 8,000 |
Calculate Trade Receivables Turnover Ratio.
Sum
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Solution
Trade Receiveble Turnover Ratio
= `"Net Sales"/"Debtors + Bills Receivable"
= 120000/(12000 + 8000)` = 6 times
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