Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Receivables & closing receivables are 120,000 & 3,40,000 respectively. Calculate the receivables turnover ratio of the company.
Credit sales/Average accounts receivables 16,00,000 / 2,30,000 =6.96 times Credit sales = 40,00,000(total sales) * 40% =16,00,000 Average accounts receivables = 1,20,000 (opening debtors) + 3,40,000 (Closing debtors) / 2 = 230,000.
Which of the following is the most appropriate title for the passage?
Choose the word/group of words which is most similar in meaning to the word/ group of words printed in bold as used in passage
FORGING
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Which of the following words seems the most opposite in meaning to the word 'mend' s used in the passage?
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What does the warmth in the oceans limit?
BROKE
Choose the incorrect statement.
He also stressed that the ongoing visit (A)/by the Pakistan Prime Minister to Moscow (B)/will in no way affect ties between India and Russia (C).
