Q. 80% of sales of 10,00,000 of a firm are on credit. It has a ReceivableTurnover 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,
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