Question
When net sales for the year are ₹ 2,50,000 and debtors
₹ 50,000, the average collection period is:Solution
Debtors turnover ratio = 250,000/50,000 = 5 times Average collection period = 365 days/5 =73 days
More Financial Management Questions
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The ratio of two numbers is 12:14 and their LCM is 168. The numbers are:
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Find the HCF of 932 and 748.
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