Question
XYZ Ltd reported total credit sales of Rs.12,80,000 at a
gross profit margin of 15%. If the current ratio is 1.75 and inventory turnover of 4 times, what is the average inventory that the company should carry?Solution
Inventory Turnover = CoGS/Average inventory Or Average Inventory = COGS/inventory Turnover COGS = Sales – gross profit = 12,80,000 – 15% of 12,80,000 = 1,088,000 So Average inventory = 1088000/4 = 272,000
The Fund constituted under the IRDA Act, 1999 shall be only used for meeting_____________
Art 12 of the Constitution of India defines State to include:
Suit for recovery of possession of immovable property, if a person is dispossessed without his consent otherwise than in due course of law can be initi...
According to Section 2(a) of the Specific Relief Act, 1963 ___________includes every duty enforceable by law
What should be the time difference between two consecutive meetings of the Board?
According to Section 2(1)(g) of the Arbitration & Conciliation Act 1996 - “legal representative” means-
A Hindu man wants to adopt a girl child. The difference in age between the two should be :
Under Section 125 of CrPC who cannot be ordered to provide maintenance
Which of the following is not true with respect to shareholding in a recognized stock exchange as given in Securities Contract (Stock Exchanges and Clea...
If an employee works on any day on which he was employed for a period less than the requisite number of hours constituting a normal working day, he shal...
Relevant for Exams:
