Q. 80% of sales of 10,00,000 of a firm are on credit. It has a Receivable Turnover of 8.What is the Average collection period (360 days a year) and Average Debtors of the firm? (Solved)
1. 45 days and 1,00,000
2. 360 days and 1,00,000,
3. 45 days and 8,00,000
4. 360 days and 1,25,000
- a. 45 days and 1,00,000