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.
In the following question select the answer pair that expresses a relationship most similar to that expressed in the capitalised pair.
Insolenc...
Identify the most appropriate antonym of the given word-
DOCILE
Deluge
Select the correctly spelt word.
In the following questions, a word is followed by four choices. Select the choice that is nearly most opposite in meaning to the given word.
ACQUIT
In each sentence below, four words are given in bold. One of them may be incorrectly spelt. Identify the incorrectly spelt word. If all are correct, ch...
Choose the one which best expresses the meaning of the given word .
Proliferate
Choose the word opposite in meaning to the given word.
Prosperity
Find the word with the appropriate similar meaning of the word in Italic from the options given:
The research paper presented novel ideas on ...
Fill in the blanks with the appropriate antonym of the word in Italic from the options given:
The serene atmosphere was disturbed by a ______...
Relevant for Exams:
