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.
102 :- Closing Trade Receivables Rs 4,00,000; Cash Sales bring 25% of Credit Sales; Excess of Closing Trade Receivables over Opening Trade Receivables Rs 2,00,000; Revenue from Operations,I.e, Net Sales Rs 15,00,000. Calculate Trade Receivables Turnover Ratio.
103 :- A firm normally has Trade Receivables equal to two months’ credit Sales. During the coming year it expects Credit Sales of Rs 7,20,000 spread evenly over the year (12 months). What is the estimated amount of Trade Receivables at the end of the year ?
104 :- Mercury Ltd. Made credit Sales of Rs 4,00,000 during the financial period. If the collection period is 36 days and year is assumed to be 360 days, calculate:
(a) Trade Receivables Turnover Ratio;
(b) Average Trade Receivables;
(c) Trade Receivables at the end when Trade Receivables at the end are more than that in the beginning by Rs 6,000.
105 :- Calculate Trade Receivables Turnover Ratio in each of the following alternative cases :
Case 1 : Net Credit Sales Rs 4,00,000; Average Trade Receivables Rs 1,00,000.
Case 2 : Revenue from Operations (Net Sales) Rs 30,00,000; Cash Revenue from Operations,I.e, Cash Sales Rs 6,00,000; Opening Trade Receivables Rs 2,00,000; Closing Trade Receivables Rs 6,00,000.
Case 3 : Cost of Revenue from Operations or Cost of Goods Sold Rs 3,00,000; Gross Profit on Cost 25%; Cash Sales 20% of Total Sales; Opening Trade Receivables Rs 50,000; Closing Trade Receivables Rs 1,00,000.
Case 4 : Cost of Revenue from Operations or Cost of Goods Sold Rs 4,50,000; Gross Profit on Sales 20%; Cash Sales 25% of Net Credit Sales, Opening Trade Receivables Rs 90,000; Closing Trade Receivables Rs 60,000.