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The Inventory Turnover Ratio is calculated using the formula: Inventory Turnover Ratio = Cost of Revenue from Operations / Average Inventory Calculation of Gross Loss: Gross Loss = 10% of Net Sales = 10% of ₹4,00,000 = ₹40,000 Calculation of Cost of Revenue from Operations: Cost of Revenue from Operations = Net Sales + Gross Loss Cost of Revenue from Operations = ₹4,00,000 + ₹40,000 = ₹4,40,000 Inventory Turnover Ratio = ₹4,40,000 / ₹55,000 = 8 times
Will-o-the-wisp
HEAD AND SHOULDERS ABOVE
I) The new model is head and shoulders above its competitors in terms of both quality and design.
II) His perfo...
lame duck
Bury the hatchet
I. The two countries decided to bury the hatchet and work towards the welfare of the people.
II. I hope that one day, the...
"She knew she was biting off more than she could chew when she accepted the new project."
In each of the following questions, an idiomatic expression/a proverb has been underlined – followed by four alternatives. Choose the one which best ...
Buying a new car can cost an arm and a leg.
"At first, the proposal seemed unrealistic, but it turned out to be a blessing in disguise ."