Question
Calculate the inventory turnover
ratio: For question 10 & 11 refer to the following information: ÂSolution
 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
More Accounts Questions
The art of beautiful hand writing.
Empathy
...- Select the most appropriate ANTONYM of the bold word in the given sentence.
The soldiers displayed immense courage on the battlefield.
... - Select the most appropriate ANTONYM of the word in bold.
Elisabeth stood at the piano, which did nothing to allay his anxiety.
... Select the most appropriate antonym of the given word.
Emancipate
Deter
Plants : Botany :: Soil : ?
One who is unable to pay one’s debt Â
Select the most appropriate option to substitute the bold segment in the given sentence.
 Purchasing furniture at a low cost could not invol...
Choose the one which best expresses the meaning of the given word .
Precarious
