Question
Read the following information to answer the below
questions:Â Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventories were 60 % of closing inventories. Opening Receivables are 120,000. Receivables Velocity/average collection period of the company?Solution
365 days/ Receivables turnover ratio 365 days/ 6.92 times = 53 days
More Accounts Questions
What approximate value should come in the place of (?) in the following questions?
3149.21 –1751.73 - ? * 25.25 = 5221.78 – 41...20.99 × √4.09 × 30.09 = ? × √195.99 × 15.09
6.992 + (2.01 × 2.98) + ? = 175.03
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
2550.03 ÷ 74.98 x 49.9 = ? + 20.32
13.232 + 19.98% of 549.99 = ? × 8.99
Which of the following options is the closest approximate value which will come in place of question mark (?) in the following equation?
48.9 × ...
78% of 1450 + 26² = ? + 1323 ÷ 17
20.06% of 359.89 - 15.95 X ? + 18.07 X 14.95 = 48.87 X 6.02
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