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Question -

You are able to collect the following information about a company for two years:

 

 

2015-16

 

2016-17

Trade receivables on Apr. 01

 ₹.

4,00,000

 ₹

5,00,000

Trade receivables on Mar. 31

 

 

₹

5,60,000

Stock in trade on Mar. 31

₹.

6,00,000

₹

9,00,000

Revenue from operations (at gross profit of 25%)

₹.

3,00,000

₹

 24,00,000



Answer -



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