From the following information obtained from the books of Kundan Ltd., calculate the inventory turnover ratio...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
From the following information obtained from the books of Kundan Ltd., calculate the inventory turnover ratio for the years 2015-16 and 2016-17: 2015-16 2016-17 Rs. Rs. Inventory on 31st March 7,00,000 17,00,000 Revenue from operations50, 00, 00075,00,000 from operations) In the year 2015-16, inventory increased by Rs. 2, 00, 000 (Gross profit is 25% on cost of revenue From the following information obtained from the books of Kundan Ltd., calculate the inventory turnover ratio for the years 2015-16 and 2016-17: 2015-16 2016-17 Rs. Rs. Inventory on 31st March 7,00,000 17,00,000 Revenue from operations50, 00, 00075,00,000 from operations) In the year 2015-16, inventory increased by Rs. 2, 00, 000 (Gross profit is 25% on cost of revenue
Expert Answer:
Answer rating: 100% (QA)
Inventory Turnover Ratio Cost of goods sold COGS 201516 Gross Profi... View the full answer
Related Book For
Fundamental Statistics for the Behavioral Sciences
ISBN: 978-1285076911
8th Edition
Authors: David C. Howell
Posted Date:
Students also viewed these accounting questions
-
The accompanying table shows data on the total number of people in the United States and the number of all people who were uninsured, for selected years from 1999 to 2009. It also shows data on the...
-
The accompanying table shows data on the total number of people in the United States and the number of all people who were uninsured, for selected years from 2003 to 2015. It also shows data on the...
-
The following data represent the total number of U.S. households, the number of households headed by women, and family size from 1960 to 1990. Present these data in a way that reveals any changes in...
-
Assume FCFs are $2 million for two years (FCF1 and FCF2) and FCFs grow 3% thereafter. Assume WACC = 7%. Calculate firms value
-
What is the purpose of an assessment center?
-
Describe how most separation agreements are developed and identify the role commonly played by the paralegal.
-
Party Time Amusements Company owns movie theaters. Party Time engaged in the following business transactions in 2012: Party Time Amusements uses the following accounts: Cash, Supplies, Building,...
-
Uncle Elmo is contemplating a $10,000 investment in a methane gas generator. He estimates his gross income would be $2000 the first year and increase by $200 each year over the next 10years. His...
-
Explain Influencer marketing. Use these links: https://afluencer.com/influencer-marketing-trends-in-the-future/ https://influencermarketinghub.com/influencer-marketing-trends/...
-
The G. Saussy Manufacturing company is putting out four new electronic components. Each of Saussy's four plants has the capacity to add one more product to its current line of electronic parts. The...
-
The break-even number of units equals fixed costs divided by: selling price per unit. contribution margin per unit. O total contribution margin. O variable cost per unit.
-
In the process of reactive distillation, a reaction occurs in a distillation column simultaneously with distillation, offering process intensification. Consider a reactive distillation including the...
-
The system ethyl acetate + methanol forms an azeotrope at 27.8 mol% EA and 62.1C. For ethyl acetate, T c = 523.2 K; P c = 38.3 bar; and = 0.362. (a) What is the estimate of the bubble-point pressure...
-
Design an efficient riser system for the casting shown in Figure 9-31. Be sure to include a sketch of the system, along with appropriate dimensions. 2 2 2 8 13 2 3 4 12
-
Refer to Figure 20-13. What are the coordinates of Msat? Use the units of Aym for both values. Magnetization (X 106 A m-) 0 2.0 1.5 1.0 0.5 0 0 Magnetizing field H (X 104 A m-) 2 3 4 [100] [110]...
-
For show by the method described in this chapter that the following pairs of FAs are equivalent: FA b (1 FA b +
-
help me respond to this, Can I request a little insight on this zoom meetings attendees and the intended end result? Will this information conclusion be going back to the County auditors in a report?...
-
A crop-dusting plane flies over a level field at a height of 25 ft. If the dust leaves the plane through a 30 angle and hits the ground after the plane travels 75 ft, how wide a strip is dusted? See...
-
Everitt, as reported in Hand, Daly, Lunn, McConway, and Oserowski (1994), presented data on the amount of weight gained by 72 anorexic girls under one of three treatment conditions. The conditions...
-
Describe a reasonable experiment in which the primary interest would be in the interaction effect.
-
Darley and Latan (1968) recorded the speed with which participants summoned help for a person in trouble. Some participants thought that they were alone with the person (Group 1, n 5 13), some...
-
AMC Trade Mart has recently had lacklustre sales. The rate of inventory turnover has dropped, and the merchandise is gathering dust. At the same time, competition has forced AMC's suppliers to lower...
-
Chocolate Treats Ltd. and Coffee Bars Inc. are both specialty food chains. The two companies reported these figures, in thousands: {Requirements} 1. Compute the gross profit percentage and the rate...
-
Columbia Video Sales Ltd. reported the following data. The shareholders are very happy with Columbia's steady increase in net income. Auditors discovered that the ending inventory for 2018 was...
Study smarter with the SolutionInn App