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A company earned gross profit of …

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A company earned gross profit of 25 % on cost for the ended 31st March 2017 its gross profit was 5,00,000 Equity share capital 10,00,000 Reserve and surplus 2,00,000 Long term loan 3,00,000 Non current assets. 10,00,000 Calculate working capital turnover ratio

Posted by Mohd Ashraf 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Anushka Goel 6 years, 10 months ago

Working capital turnover ratio =net sale /wc 2500000/1500000 =1.6 times Net sale =500000×125/25 =2500000 Wc=deb +equity +reserve =300000 +1000000 +200000 =1500000

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