A) \[\frac{Total Revenue from Operations}{~Average Debtors}\]
B) \[\frac{\operatorname{Credit} Revenue from Operations}{~Average Debtors}\]
C) \[\frac{Net Credit Revenue from Operations}{~Average Debtors + Average Bills Receivable}\]
D) None of the above
Correct Answer: C
Solution :
[c]\[\frac{Net Credit Revenue from Operations}{~Average Debtors + Average Bills Receivable}\]
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