Question
What does the Working Capital Turnover Ratio
measure?Solution
Working capital turnover ratio is the ratio between the net revenue or turnover of a business and its working capital. For instance, if a business's annual turnover is Rs. 20 lakh and average working capital Rs. 4 lakh, the turnover ratio is 5, i.e. (20,00,000/ 4,00,000).
Consider the following statements regarding Scheduled Banks in India:
1. Scheduled Banks are those included in the Second Schedule of the RBI Act...
Which organization is collaborating with Hindustan Zinc Limited (HZL) to develop indigenous Zn-ion battery technologies?
Who has been appointed as the Managing Director and CEO of Federal Bank Limited for a three-year term starting September 23, 2024?
Who became India’s 85th Grandmaster in chess in 2024?
What is the target bilateral trade between India and Russia by 2030?
How much is the first installment released by India to the United Nations Relief and Works Agency (UNRWA) for Palestine refugees for 2024-25?
Which bank has joined forces with the NIIT Institute of Finance, Banking and Insurance (NIIT IFBI) to initiate the “ACE Banker Program”?
Which country recently launched the Tianhui 5-02 satellite group for geographic mapping, land resource surveys, scientific experiments, and other purposes?
When was the Pradhan Mantri Gram Sadak Yojana launched?
What is the new species of butterfly rediscovered in India after 61 years?