39. Calculate the amount of opening trade receivables and closing trade receivables from the following information:

Trade receivables turnover ratio 8 times

Cost of revenue from operations Rs. 4,80,000

The amount of credit revenue from operations is Rs. 2,00,000 more than cash revenue from operations. Gross profit ratio is 20%. Opening trade receivables are 1/4th of Closing trade receivables. 

Marks-3, CBSE:2019-20/Main/05/Q-30*