Question
The following data is provided for XYZ Ltd: •
Current Assets: ₹15,00,000 • Inventory: ₹5,00,000 • Current Liabilities: ₹7,50,000 • Net Sales: ₹45,00,000 • Cost of Goods Sold: ₹30,00,000 Calculate the Quick Ratio and Inventory Turnover Ratio.Solution
Quick Assets = ₹15L – ₹5L = ₹10L Quick Ratio = 10L / 7.5L = 1.33 Inventory Turnover = COGS / Inventory = 30L / 5L = 6 times
Which state in India is the first to send elderly people on pilgrimage by air under the Mukhyamantri Teerthdarshan Yojana?
Union Budget has proposed which of the following scheme to settle long-pending litigation in cases where an arbitration order has been challenged in any...
Jammu and Kashmir Bank (J&K Bank) has signed a corporate agency agreement with______ to put forward LIC’s life insurance products through its branch n...
What year marked the initiation of the Namami Gange Program?
What is the projected increase in global oil demand led by India in 2024, according to the International Energy Agency (IEA)?
What is the current repo rate as decided by the Reserve Bank of India (RBI) in its latest Monetary Policy Committee (Dec 2024) review?
On the birth anniversary of first woman Prime Minister Indira Gandhi the Rajasthan government has launched the free sanitary pads for women scheme, name...
Recently the sideline event of COP 27 named Mangrove Alliance for Climate (MAC) was held on which of the following city?
Which company announced its collaboration with NITI Aayog's Atal Innovation Mission (AIM) to establish Frontier Technology Labs (FTLs) in schools of str...
According to the reports of April 2023, which state becomes world's largest 'narco-state'?
