Read the following and answer the questions give below:
| Cost of Revenue from Operations - |
₹ 3,00,000 |
Opening Debtors -
(Cost of Goods Sold) |
₹ 50,000 |
| Closing Debtors - |
₹ 1,00,000 |
| Gross Profit on Cost – |
25% |
| Opening Creditors- |
₹ 1,20,000 |
| Cash Sales – |
20% of Total Sales |
| Closing Creditors - |
₹ 1,60,000 |
| Total Purchases |
₹ 8,50,000 |
| Cash Purchases |
₹ 1,00,000 |
| Purchase Return |
₹ 50,000 |
|
|
1. How much is Credit Revenue from Operations?
i) ₹ 3,75,000
ii) ₹ 3,00,000
iii) ₹ 1,50,000
iv) ₹ 75,000
2. Find Average Collection Period? i) 3 months ii) 4 months iii) 2 months
iv) 3.5 months
3 Find Trade Payable Turnover Ratio?
i) 6.5 times
ii) 5.5 times
iii) 5 times
iv) 5.25 times
4. Calculate Average Payable Period?
i) 56 days
ii) 73 days
iii) 66 days
iv) 69 days
