Question
If the company earned revenue from operations of Rs.18
lakh, what is the trade receivables turnover ratio of the company? Direction (14 -17):-Â Study the Balance Sheet below to answer the questions below:Solution
Trade Receivables turnover ratio = net revenue/trade receivables                                                            =18,00,000/ 9,00,000                                                            = 2 times Â
Forwards contract can be reversed only with the same counter-party with whom it was entered into
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