Question

Calculate the receivables turnover ratio of the company?

Read the following information to answer the below questions:   Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventories were 60 % of closing inventories. Opening Receivables are 120,000.   
A 6.92 times
B 10.43 times
C 17.39
D 4.71
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