Question
A company records Net Sales of ₹60,00,000, of which
50% are on credit. The opening receivables were ₹2,00,000 and the closing receivables were ₹4,00,000. Calculate the Receivables Turnover Ratio.Solution
The formula is: Receivables Turnover Ratio=Average Receivables/Credit Sales • Credit Sales = ₹60,00,000 × 50% = ₹30,00,000 • Average Receivables = (₹2,00,000 + ₹4,00,000) ÷ 2 = ₹3,00,000 Now, Receivables Turnover Ratio=30,00,0003,00,000=8.00 timesReceivables Turnover Ratio=3,00,00030,00,000 =8.00times Thus, the company’s Receivables Turnover Ratio = 8.00 times.
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5, 11, 23, 47, 95, ?
Choose the missing term.
R, U, X, A, D,?
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250, 279, 311, 349, 396, ?
What will come in place of the question mark (?) in the following number series?
21, 42, 67, 96, ?, 166
What will come in place of the question mark (?) in the following series?
15, 16, 25, 50, 99, 180, ?
625, 125, 375, 75, 225, 45, ?
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...- What will come in place of (?), in the given number series.
2, 3, 5, 8, 12, ?
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