Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / chalapathi rao govada
Turnover Ratio stnds for one balance sheet element is going
to be expressed interms of Net sales of the such
organisation.
The main logic behind calculating the Turnover ratios is to
know how many times such organisation had the sales when
compared to Balance sheet item.
Eg: Inventory Turnover Ratio:
The purpose of it is to know how many times we are able to
generate the sale compared to the closing stock ie B/S item.
Formula:
ITR = Cost of Goods sold/Average inventory
Fixed Assets Turnover Ratio: Net sales/Fixed Assets.
Working capital Turnover Ratio: Net sales/Net working
capital
| Is This Answer Correct ? | 30 Yes | 0 No |
Post New Answer View All Answers
Explain the different advantages and disadvantages of internal audit?
what is audit & activities of auditor?
What are the essential of internal audit?
can external audit be seen as merely an overhead cost adding no value to the orgnisation
what is the accounting treatment on Putoption over own shares.?
What does an internal audit charter contain?
How auditing is prepared?
promotions of a new apointed auditor in cgda.
What is mean by error of submission? can u plz provide notes on this?
how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)
Explain about cross functional audits?
1.tell me five points of check list of an audit. 2.what do you checking in statutory audit.five main points. 3.what do you checking in internal audit five main points. 4.which five major points checking according to caro.
Explain different functions of internal audit?
which of the following procedure would auditor lease likely perform in planning a financial statement audit?
What is the role of internal audit?
