Current ratio of a firm is 1.5 and quick ration is 1.2. If there are total inventories of Rs.6 lakh, what is the net working capital of the firm (in Rs. Lakh)?
Net Working Capital = Current Assets- Current Liabilities Quick Ratio= (Current Assets- Inventories) / Current Liabilities =1.2 From this - Current Assets = 1.2 x Current Liabilities + 6 Current Ratio= Current Assets/ Current Liabilities =1.5 From this - Current Assets = 1.5 x Current liabilities Therefore, 1.5 x Current liabilities = 1.2 x Current Liabilities + 5 0.3 Current Liabilities = 6 Current Liabilities = Rs.20 Lakh Current Assets = 1.5 x 20 = Rs. 30 lakh Net Working Capital = Current Assets- Current Liabilities = 30-20 = Rs.10 lakh
What is the applicable Goods and Services Tax (GST) rate for corporate guarantees between parent and subsidiaries, as implemented by the Central Board o...
Who was the founder of Mohammadan Anglo Oriental College?
Where are the famous Ajanta Caves located?
What is the length of the radius of the circle that passes through the points (0, 0), (0, 3) and (2, 0)?
Who is the author of the book “India Divided”?
International Labour Organization was founded on _______.
What is the name of the multiple rocket launcher (MBRL) developed by the Defence Research and Development Organisation (DRDO) for the Indian Army?
Arrange the following events associated with Pandit Madan Mohan Malaviya in chronological order, starting with the earliest :
1. Founding of t...
Which of the following is NOT true regarding corporate social responsibility?
What disease in cattle is caused by the bacterium Mycobacterium bovis?