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The ratio of Net Sales to Inventory is known as the Inventory Turnover Ratio. It is a financial metric that measures how efficiently a company is managing its inventory and how quickly it is selling its inventory during a specific period. The formula for Inventory Turnover Ratio is: Inventory Turnover Ratio = Net Sales / Average Inventory Where: Net Sales = Total Sales Revenue - Sales Returns and Allowances - Sales Discounts Average Inventory = (Opening Inventory + Closing Inventory) / 2
India and which of the following South Asian country launch the Real-time Payment Systems Linkage on 21st February 2023?
Why has UNESCO recommended adding Venice to the list of world heritage sites in danger?
Recently Kumudben Joshi died, she was the second female Governor of which state?
Who won the gold medal in men's tennis singles at the 2024 Paris Olympics?
Who is the President of Federation Indian Chambers of Commerce and Industry (FICCI) ?
JP Morgan has decided to include government papers issued by the Reserve Bank of India (RBI) under the fully accessible route in its widely tracked emer...
What does the SAFEETY technology, transferred to M/s Paras Defense and Space Technology Ltd., aim to achieve?
The Prime Minister launched the Website and Mobile App “Samaveshi Vikaas” in the event organized to celebrate National Panchayati Raj Day in ______....
The Government of India has approved a plan to establish ______ new multipurpose Primary Agricultural Credit Societies (PACS) / dairy / fishery primary ...
__________ of India has been elected to the International Law Commission, a UN body of legal experts, for a five-year term beginning in January 1, 2023.