Question
Solution
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
Silicon Carbide is also known by which of the following names?
What is the overall index value of India in the Global Pension Index 2023?Â
Which Indian bank became the first trading cum clearing member at IIBX?
The two famous assemblies in the reign of Harshavardhana were held at?
In New Delhi, India, from February 21 to 23, 2024, which edition of the Raisina Dialogue was held?
On what is the principle of Brahmo Samaj based?
How many trades are covered under the PM Vishwakarma Scheme launched on 17th September 2023?
Which current is a cold ocean current?
Which of the following research organizations will be launching “One Week One Lab” campaign in the month of January 2023 ?
The 'Father of Indian Internet' and former chairman of VSNL passed away, name him?