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Question
Mention two ratios in which one figure is from Profit and Loss Account and one from Balance Sheet.
Short Answer
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Solution
Following are the two ratios in which one figure is from the Profit and Loss Account and one from the Balance Sheet:
- Working Capital Turnover Ratio = `("Revenue from Operations (Net Sales)")/("Working Capital")`
- Trade Receivables Turnover Ratio = `("Credit Revenue from Operations")/("Average Trade Receivables")`
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