Average trade receivables of a firm are 40,000t, average finished goods are 50.000, cost of goods sold is 200.000t and net sales is 250.000t. What is trade receivables turnover? Which is NOT TRUE about equity? a. It represents the claims of the owners/shareholders on the assets of the company. b. It is equal to Total assets-Long Term Liabilities c. It is equal to Total assets-Total Liabilities d. It is equal to Paid-in Capital + Capital Reserves +Profit Reserves + Net Profits/(Period Loss) - Prior Years' Losses