Question
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.Solution
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.
India successfully test-fired which missile off the Odisha coast?
Where are the headquarters of the World Trade Organisation?
Who are the newly nominated governing council members of the National Investment and Infrastructure Fund Trustee Ltd (NIIFTL)?
The term “FLOPs” is often heard in the news. It corresponds to:
India re-elected as President of the International Solar Alliance (ISA) for a two-year term until:
What is a key aspect of the draft of the Global Stocktake (GST) at COP28 regarding the phase-out of fossil fuels, and how does it align with climate sci...
How much did the government aim to extend through credit guarantees for MSMEs under the CGTMSE scheme in the next two years?
In which Indian state has the government recently formed a 'Rhino Task Force' with the aim of reintroducing rhinos in the Valmiki Tiger Reserve (VTR) an...
Which public sector bank has raised ₹3,090 crore worth of funds through the sale of 15-year tier-II bonds & has planned a bond sale with a base size...
Which of the following universities has received the title of ‘The Academics in Sights 2021’ ?
Relevant for Exams:
