Question
Calculate the asset turnover from the above
information Refer to the following information to answer the next 4 questions (Q11 to Q14) Rahul is looking to expand his company and prepares the financial plan. The company is estimated to have total assets worth Rs.1.6 crore. The total assets will be funded by a mix of owned and borrowed capital in 1:1 ratio. The interest cost on borrowed capital is 8% per annum. The direct and other operating costs for next year are estimated to be Rs.96 lakh and Rs.16 lakh respectively. The sales price of the product is 150% of direct costs. The company pays 30% tax.Solution
Asset Turnover = Sales/ Total Assets = 1,44,00,000/1,60,00,000 = 0.9 times
Which of the following ornaments is not worn around the neck?
Which of the following statements is/are correct?
I.IIT Delhi is opening its first IIT campus in Zazibar (Tanzania).
II.IIT Madras is open...
Who was the official sponsor for the 37th National Games held in Goa?
World Bank has recently (in June 2023) launched its first road safety project in which South Asian Country?
In which year was the University Grants Commission (UGC) established?
Who did Lt Gen Manoj Pande succeed as the Chief of Army Staff?
In which book of Kalidas has the Himalayas been described as “Aushadhi Prastha”?
Deen Dayal SPARSH Yojana is related with which field?
In the book "Si-Yu-Ki" written by theChinese Buddhist traveler and monk Fa-hein during his visit to India, which king's kingdom is described in detail, ...
Which of the following constitutions is popularly known as the peace constitution?
