Question
Calculate the receivables turnover ratio of the
company? Read the following information to answer the below questions:  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
Credit sales/Average accounts receivables 16,00,000 / 2,30,000 =6.96 times Credit sales = 40,00,000(total sales) * 40% =16,00,000 Average accounts receivables = 1,20,000 (opening debtors) + 3,40,000 (Closing debtors) / 2 = 230,000
What is the core objective of the Ayushman Bharat Digital Mission (ABDM)?
- What is a major reason for UNESCO’s launch of the campaign "Imagine a world with more women in science"?
Which country became the first major Western power to formally recognize Palestinian statehood in 2025?Â
What is the maximum loan amount guaranteed under the Mutual Credit Guarantee Scheme (MCGS) for MSMEs?
What is the focus of the newly inaugurated Indian Institute of Creative Technology (IICT) in Mumbai?Â
What is the projected GDP growth rate for India in FY25 according to the National Council for Applied Economic Research (NCAER)?
According to FY25 provisional estimates by MoSPI, what was India’s real GVA growth rate?
India will host the 20th UNESCO ICH Session for the first time at which venue?Â
Who has been appointed as the next Chief of the Army Staff, effective from the afternoon of June 30, 2024?
Which state government recently launched the Brindavan Gram Scheme to improve village infrastructure and dairy farming?
Relevant for Exams:
