Calculate working capital turnover ratio from the following information:
|
Current ratio |
= |
5:3 |
|
Quick ratio |
= |
3:5 |
|
Inventory turnover ratio |
= |
5 times |
Closing Stock was Rs.1,92,000 less than opening stock
|
Gross profit |
= |
25% on cost |
|
Average debt collection period |
= |
3 months |
|
Cash sales |
= |
25% of Total sales |
|
Opening debtors |
= |
Rs.2,80,000 |
|
Closing debtors |
= |
Rs.3,20,000 |