Question
Calculate the inventory turnover ratio:
For question 10 & 11 refer to the following information:
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 
= 30000More Accounts Questions
- Section __________ of the Competition Act, 2002, discusses anti-competitive agreements.
- ABC Ltd. projected sales of 45000 jeans trousers for the year 2016. The estimated stock on January 1st, 2016 is 3000 units and the desired stock on 31st De...
- From the following information calculate the amount of sales to earn a desired profit of Rs.6,000 Fixed Cost: 12,000 Selling Price: 12 per unit Variable co...
- IRR is a rate at which
- A company issues 1,00,000 equity shares of ₹10 each at a premium of ₹5, payable as ₹5 on application, ₹5 on allotment (including premium), and ₹5 on first ...
- FEMA, 1999, replaced which of the following previous legislations?
- In a computerized information processing cycle, which component involves saving data for future use?
- What is the portal on which an entity needs to register as an MSME?
- If the Opening Debtors were Rs.50,000 and Closing debtors are Rs.40,000, what effect will it have on the cash flow statement?
- A company has sales ₹20,00,000, cost of goods sold ₹12,00,000, operating expenses ₹4,00,000, interest ₹50,000, tax 30%. Net profit after tax is:
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
