101 :- Closing Trade Receivables Rs 1,20,000, Revenue from Operations Rs 14,40,000. Provision for Doubtful Debts Rs 20,000. Calculate Trade Receivables Turnover Ratio.
Solution :-
Trade Receivable Turnover Ratio = Credit Revenue from Operations/Average Trade Receivables
= 14,40,000/1,20,000
= 12 Times