From the information given below calculate trade receivables trunover ratio:
credit revenue from operation i.e credit sales Rs 800000, opening tarde receivables Rs 120000, and closing trade receivable rs 200000.
state giving reason which of the following would increase , decrease or not change trade receivables trunover ratio:
(i) collection from trade receivables Rs 40000
(ii) Credit revenue from operations i.e credit sales Rs 80000
(iii) sales return Rs 20000
(iv) credit purchase Rs 160000.