You are able to collect the following information about a company for two years: Calculate Inventory Turnover
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Question:
You are able to collect the following information about a company for two years:
Calculate Inventory Turnover Ratio and Trade Receivables Turnover Ratio.
2015-16 | 2016-17 | |||
Trade receivables on Apr. 01 | ₹. | 4,00,000 | ₹ | 5,00,000 |
Trade receivables on Mar. 31 | ₹ | 5,60,000 | ||
Stock in trade on Mar. 31 | ₹. | 6,00,000 | ₹ | 9,00,000 |
Revenue from operations (at gross profit of 25%) | ₹. | 3,00,000 | ₹ | 24,00,000 |
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