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    Question

    Current Assets (at cost) Rs.24,00,000, Credit Sales Rs.

    68,00,000, Cash Sales Rs.600,000, Sales Return Rs.2,00,000. What can be Current Assets Turnover Ratio?
    A 2 times Correct Answer Incorrect Answer
    B 3 times Correct Answer Incorrect Answer
    C 4 times Correct Answer Incorrect Answer
    D 10 times Correct Answer Incorrect Answer
    E 11 times Correct Answer Incorrect Answer

    Solution

    Net Sales / Current Assets (6800000+600000-200000 ) / 24,00,000

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