SOLUTION
Net Sales = Cost of Goods sold + Gross Profit
Net Sales = 20,00,000 + 1/3 of Net Sales
Let Net Sales = x
x = 20,00,000 + x / 3
Net sales (x) = 60,00,000 / 2
= 30,00,000
Working Capital = Current Assets – Current Liabilities
= 10,00,000 – 2,50,000
= 7,50,000
Working Capital Turnover = Net sales / Working Capital
= 30,00,000 / 7,50,000
= 4 Times