Question 13
A firm has INR 500000/- as accounts receivable (debtors), while its annual sales turnover is INR 6500000/-. Calculate the firm’s debtor days (round the answer to 2 decimal places).
A firm has INR 500000/- as accounts receivable (debtors), while its annual sales turnover is INR 6500000/-. Calculate the firm’s debtor days (round the answer to 2 decimal places).
Correct answer: 28.05 (accepted within ±0.05)
Question 13 of 13 in the IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 16 Oct 2022, in the September 2022 term (IIT M QUIZ 1 FOUNDATION DAD DIPLOMA QPD2 16 Oct 2022). It carries 1 mark.