Answer Posted / a mariappan
Suppose stock and sales show as 50 and 400 lac respectively
in a balance sheet. Then inventory/stock turnover ratio is
sales/stock i.e, 400/50 8 times
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese
Expand---------OST
Anyone whose sbi interview has been over , please share all the question asked by them
what do u mean by single error and double error in accointing errors?
how many types of financial teribuanal? what is that?
I was born on 4th may 1981 iam i eligible to apply for SBI clerical job vacancy
What is Split And buy-back?
What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?
What is miscellaneous expense and when it is used
1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?
HOW TO MAINTAIN BANK A/C
What are the objectives of accounting
WHAT ARE EQUITY SECURITIES?
my qustion is what is H foam and where use
Expand-------------BRTS
