Question
βAβ and βBβ started a business by investing Rs.
βaβ and Rs. βa + 250β, respectively. If 12 months later the ratio of profit shares of βAβ and βBβ was 5:6, respectively, then find the amount (initially) invested by βBβ.Solution
ATQ; [(12 Γ a)/{(a + 250) Γ 12}] = (5/6) Or, (12a Γ 6) = 60 Γ (a + 250) Or, 72a = 60a + 15000 Or, 12a = 15000 So, a = 1250 So, initial investment made by βBβ = 1250 + 250 = Rs. 1,500
Account Receivable Turnover ratio is calculated by
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