Question
Calculate the inventory turnover
ratio: For question 10 & 11 refer to the following information:Solution
Inventory turnover ratio = 11,76,000/30,000 Inventory turnover ratio = 39.2 Times Cost of goods sold = Net Sales (-) gross profit 1200000 (-) 2% X 1200000 1200000 (-) 24000 1176000 Net sales = Cash sales + Credit Sales (-) Return Inwards 800000 + 400000 (-) 0 1200000 
= 30000
Which river originates from Rakshas Tal (Rakes Lake)?
Which organization co-created the Youth Co:Lab initiative?
Which company has launched a Multi-Channel Fulfillment (MCF) through which brands, manufacturers, and retailers from across industries can enhance their...
When is Vijay Diwas celebrated ?
Which state launched the first night navigation mobile application in rivers in the country for ferries plying on Brahmaputra River?
Which satellite has Iran recently launched into orbit using the satellite carrier Qassed?
To build a data center which the state government has tied up with L&T(Larsen & Toubro) for it?
ISRO's third and final RLV Landing Experiment (RLV LEX) will involve which unmanned prototype?
Where was the first “Niveshak Shivir” jointly conducted by SEBI and IEPFA to assist investors with unclaimed dividends and shares?
During Rajnath Singh's visit to the U.K., what was the focus of the LoA (Letter of Agreement) signed between India and the U.K.?
Relevant for Exams:
Hey, Don't leave. If you have any queries regarding any exam let us know here.
