33. A company earns Gross profit of 25% on cost. For the year ended 31st March, 2017 its Gross Profit was Rs.  5,00,000; Equity Share Capital of the company was Rs.   10,00,000; Reserves and Surplus Rs.   2,00,000; Long Term Loan Rs.   3,00,000 and Non Current Assets were Rs.   10,00,000.

Compute the ‘Working capital turnover ratio’ of the company.

Marks-2/4, CBSE:2017-18/Comp/Q-21

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