Wickes Ltd has the following figures at December 2020 £ Revenue(90% credit sales) 1,936,000 Opening Inventory 145,550 Purchases-(80% on credit) 1,042,255 Trade Receivables 237,810 Provision for doubtul debts 11,325 Trade payables 160,479 Closing Inventory 160,370 Calculate the trade receivables turnover for Wickes Ltd foe December 2020

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 8PA: The following select financial statement information from Candid Photography. Compute the accounts...
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Wickes Ltd has the following figures at December 2020 £ Revenue(90% credit sales) 1,936,000 Opening Inventory 145,550 Purchases-(80% on credit) 1,042,255 Trade Receivables 237,810 Provision for doubtul debts 11,325 Trade payables 160,479 Closing Inventory 160,370 Calculate the trade receivables turnover for Wickes Ltd foe December 2020
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