Accounting 9706 · AS & A Level · Analysis and communication of accounting information

Analysis and communication of accounting information — practice question

Bradshaw does not maintain proper accounting records. The data below are provided for the year: cost of sales $750\,000$; mark-up $20\%$; cash sales $300\,000$; trade receivables $46\,000$. What are total sales and trade receivables turnover?

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