ILLustraton 4.9 From the information given below calculate Inventory Turnover and Receivable Sales (100% credit) Rs. 4,50,000 Inventories: 01-01-1984 Rs, 60,000 31-12-1985 Rs. 70,000 Return Inwards Rs, 30,000 Sundry debtors; 01-01-1984 Rs. 60,000 31-12-1985 Rs, 40,000 Bills Receivable 01-01-1984 Rs. 30,000 31-12-1985 Rs, 50,000 Gross Profit 30 per cent ILLustraton 4.9 From the information given below calculate Inventory Turnover and Receivable Sales (100% credit) Rs. 4,50,000 Inventories: 01-01-1984 Rs, 60,000 31-12-1985 Rs. 70,000 Return Inwards Rs, 30,000 Sundry debtors; 01-01-1984 Rs. 60,000 31-12-1985 Rs, 40,000 Bills Receivable 01-01-1984 Rs. 30,000 31-12-1985 Rs, 50,000 Gross Profit 30 per cent