Calculate working capital turnover ratio from the following:
Cost of revenue from operations Rs. 8,00,000; Current assets Rs. 6,00,000; Total assets Rs. 24,00,000; non current liabilities Rs. 4,00,000 and Shareholders fund Rs. 15,00,000. Gross profit ratio 20% on sales.
1
5 times
2
3 times
3
10 times
4
More than one of the above
5
None of the above