Question
A company records Net Sales of ₹60,00,000, of which
50% are on credit. The opening receivables were ₹2,00,000 and the closing receivables were ₹4,00,000. Calculate the Receivables Turnover Ratio.Solution
The formula is: Receivables Turnover Ratio=Average Receivables/Credit Sales • Credit Sales = ₹60,00,000 × 50% = ₹30,00,000 • Average Receivables = (₹2,00,000 + ₹4,00,000) ÷ 2 = ₹3,00,000 Now, Receivables Turnover Ratio=30,00,0003,00,000=8.00 timesReceivables Turnover Ratio=3,00,00030,00,000 =8.00times Thus, the company’s Receivables Turnover Ratio = 8.00 times.
If 'L' means '×', 'M' means '-', 'N' means '+', and 'O' means '÷', then what will be the value of the following expression?
6 L 25 M 15 N 45 O ...
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Some rats are mats.
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MKPN, LMOP, ?, JQMT, ISLV
Select the figure from among the given options that can replace the question mark (?) in the following series and complete the pattern.
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Choose the one which is different from the rest.
Six friends A, C, D, E, F and G are sitting in a straight row, facing north. They are waiting for their seventh friend B to join. Exactly three people a...
Read the given statements and conclusions carefully. Assuming that the information in the statements is true, even if they appear to be at variance with...
Who is sitting third to the right of Meera?
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