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    Question

    Direction (14 -17):-  Study the Balance Sheet below to answer the questions below:

    If the company earned revenue from operations of Rs.18

    lakh, what is the trade receivables turnover ratio of the company?
    A 1 times Correct Answer Incorrect Answer
    B 1.25 times Correct Answer Incorrect Answer
    C 1.5 times Correct Answer Incorrect Answer
    D 1.75 times Correct Answer Incorrect Answer
    E 2 times Correct Answer Incorrect Answer

    Solution

    Trade Receivables turnover ratio = net revenue/trade receivables                                                             =18,00,000/ 9,00,000                                                             = 2 times  

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