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Illustration -15 ADT From the following, calculate: a) Debtors turnover ratio b) Debt collection period in months Total sales for the year 3,75,000 Cash sales for the year 75,000 At the beginning of the year: Debtors 30,000 Bills Receivable 10,000 At the end of the year: Debtors 45,000 Bills receivables 15,000

Illustration -15 ADT From the following, calculate: a) Debtors turnover ratio b) Debt collection period in months Total sales for the year 3,75,000 Cash sales for the year 75,000 At the beginning of the year: Debtors 30,000 Bills Receivable 10,000 At the end of the year: Debtors 45,000 Bills receivables 15,000

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 13Q: A company issued bonds with a $100,000 face value, a 5-year term, a stated rate of 6%, and a market...
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Illustration -15 From the following, calculate: a) Debtors turnover ratio b) Debt collection period in months Total sales for the year 3,75,000 Cash sales for the year 75,000 At the beginning of the year: Debtors 30,000 Bills Receivable 10,000 At the end of the year: Debtors 45,000 Bills receivables 15,000
Transcribed Image Text:Illustration -15 From the following, calculate: a) Debtors turnover ratio b) Debt collection period in months Total sales for the year 3,75,000 Cash sales for the year 75,000 At the beginning of the year: Debtors 30,000 Bills Receivable 10,000 At the end of the year: Debtors 45,000 Bills receivables 15,000
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