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Total revenue 500000 cash sales 40% beginning period A/R 400000 ending period A/R 600000

A/R turnover will be 

A-60%

B-40%

c-70%

d-90%

 

Accounting Cost Accounting Financial Accounting CMA Costing
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Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2015/03/13
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Muhammad Ramzan Tufail ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(A) is the Correct Ans.

 

Credit Sale:300,000 (500,000 @60%)

Average Receivables =400,000 +600,000 /2

                                        =500,000

 

A/R Turnover Ratio:300.000 /500,000 *100

                                   =60 %  

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