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Credit sales: 6,00,000 * 90%= 5,40,000 Receivables turnover ratio given is 5 times Receivables turnover ratio = Net credit sales / Average receivables 540000/ Average receivables = 5 So, the average receivables will be = 108000 Average collection period = Total days in year / Average receivables turnover ratio 365/5 = 73 days
Who is the author of the book "Basu Chatterji: And Middle-of-the-Road Cinema" and which publishing house is releasing it?
NASA recently awarded an $843 million contract to construct a spacecraft aimed at safely deorbiting the International Space Station (ISS) by around 2030...
Which ministry has launched the Nyaya Vikas Portal for monitoring the implementation of Centrally Sponsored Schemes?
In which year was the renowned Indian playback singer Kumar Sanu awarded the Padma Shri?
When is World Oceans Day celebrated annually?
Which of the following is NOT one of the online platforms launched by Union Minister Manohar Lal Khattar to boost the power sector's efficiency and tran...
According to the data of the commerce ministry which country become India's top trading partner in 2021-22?
Which Indian Pharma firm has received final approval from the US Food and Drug Administration (USFDA) for the generic lenalidomide capsules in multiple ...
What is the main feature of the new RuPay credit cards launched by RBL Bank?
Which Australian cricketer recently announced his retirement from One-day International (ODI) cricket, and which match marked his last appearance in the...