help required in accounting ratios

[asad.ahmad]

Hi
i have a problem

if Accounts Receivable is 360000
and allowance for bad debts is 40000

What is the quick ratio and what is the accounts receiveable turnover

please give the explanation as well

[imran Hasnain]

dear

in order to calculate the quick assets the formula is quick assets/current liabilities and in the question current liabilities are not available.

the formula of accounts receivable turnover ratio is credit sales/average debtors and in the question credit sales is not available

it is an incomplete question

regards

imran

imran

[Muhammad Adnan Arshad]

Consult following books to clarify your concepts relating to accounting ratios. Also learn by heart (in good) the related formula of accounting ratios.

PAC Past Papers (FAC2);
Frankwood Vol I, II;
M.A. Ghani (Accounts);

NOTE
Quick Ratio = (Current Assets-Stock-in-Trade)/(Current Liabilities)
A/Cs' Receivables Turnover = Sales/A/Cs' Receivables (Perhaps)


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[asad.ahmad]

hi
i am doiing pipfa can u guide me which book/s should i take and are the pipfa past papers available in the market

[Muhammad Adnan Arshad]

1-The recommended books for CA are almost the recommended books for PIPFA. No, seperate books for PIPFA specifically are available in the market so far. To see/search for recommended books for CA on this website, I've also posted useful threads on this issue. Perform the following steps.
>>>Click Search Icon>>>Write "Recommended Books">>>& Press Search
Afterall, you will see the recommended books for CA.

2-Seperate past papers for PIPFA aren't available in the market, I think so. But even you can contact your nearest PIPFA contact office for further details of PIPFA publications.
Anyway, for PIPFA past papers or other PIPFA publications, click below;
http//www.pipfa.org.pk/download.asp

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[email protected]

[asad.ahmad]

hi
i only want to know that from which book the pipfa students on the fourm consult

[asad.ahmad]

hi
i only want to know that from which book the pipfa students on the fourm consult