Question
PO Ltd made total sales of ₹1,00,00,000 for which
the Cost of Goods Sold was ₹ 70,00,000 . If the Inventory at end of previous year was ₹15,00,000 and at end of current year was ₹25,00,000 , w hat is the Inventory Turnover Ratio of PO Ltd ?Solution
Inventory Turnover Ratio = COGS / Avg. Inventory Average Inventory = (15,00,000 + 25,00,000) / 2 = ₹20,00,000
Inventory Turnover Ratio = 70,00,000 / 20,00,000 = 3.5
Article 16 of the Constitution of India deals with______.
What is the minimum number of directors in the case of a public company?
Under the RTI Act, what is the time frame within which the Central or State Public Information Officer must provide information or reject a request afte...
Five cement manufacturers in India agreed through regular meetings to maintain uniform prices and allocate market territories. Each manufacturer was as...
A plaint can be rejected under Order 7 Rule 11 of CPC on which of the following grounds?
Which chapter of IBC delas with the provisions relating to Fast track insolvency resolution process?
Under the Consumer Protection Act a complaint must be resolved within three months if no analysis is required and within __________ if analysis or testi...
Summons shall be served to the defendants not be beyond _____ days from institution of a suit?
How many digits are there in the Importer Exporter Code?
Consider the following statements regarding Section 67B of the IT Act, 2000:
1. It deals with material depicting children in sexually explicit ac...
