Question
Calculate Cash ratio of the company?
Read the following information to answer the below questions: Â Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventories were 60 % of closing inventories. Opening Receivables are 120,000. ÂSolution
Cash Ratio = Cash & Cash Equivalents / Current Liabilities 24,000/ 3,50,000 0.07 Cash & Cash Equivalents= cash balance i.e., 24000 Current Liability = Trade Creditors + Bank Overdraft + Short term borrowings = 200,000+1,20,000+30,000 =3,50,000
More Accounts Questions
- Sales = ₹200 lakhs, Variable cost = ₹120 lakhs, Fixed cost = ₹30 lakhs Interest = ₹10 lakhs Calculate (i) Operating Leverage and (ii) Financial Leverage
- A company has Fixed Costs of ₹2,00,000, a contribution margin ratio (P/V ratio) of 25%, and it achieved total sales of ₹10,00,000. Calculate the profit ear...
- Which of the following accounting rules can roughly estimate how many years a given sum of money must earn at a given compound annual interest rate in orde...
- Which of the following is the regulator of the capital market in India?
- The scheme under which the complaints related to digital payments can be resolved is _______
- Company Y acquires 80% of Z for consideration ₹4,00,000. Fair value of identifiable net assets of Z = ₹3,50,000. Calculate goodwill on consolidation.
- The amount of purchase if Cost of Goods Sold = ₹80,700 Opening Inventory = ₹5,800 Closing Inventory = ₹6,000
- An increase in the credit period allowed to debtors will likely:
- What is the CAPM?
- Which telecom operator consolidation occurred in the Indian telecom industry, leading to a reduced number of major players?
Relevant for Exams:
