00,000 40,000 Illustration 17: From the following information, calculate trade receivables turnover ratio. Total revenue from operations for the year 2015 Cash revenue from operations for the year 2015 Debtors as on 1-1-2015 Debtors as on 31-12-2015 Bills receivable as on 1-1-2015 Bills receivable as on 31-12-2015 Solution = 1.5 times 1,00,000 25,000 20,000 25,000 5,000 10,000