When opening stock is Rs.50, 000 closing stock Rs.60, 000 and cost of goods sold Rs....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
When opening stock is Rs.50, 000 closing stock Rs.60, 000 and cost of goods sold Rs. 2,20,000 the stock turnover ratio is A B C D 2 times 3 times 4 times 5 times When opening stock is Rs.50, 000 closing stock Rs.60, 000 and cost of goods sold Rs. 2,20,000 the stock turnover ratio is A B C D 2 times 3 times 4 times 5 times
Expert Answer:
Answer rating: 100% (QA)
Solution Stock turnover ratio Cost of goods sold aver... View the full answer
Related Book For
Basic Business Statistics Concepts and Applications
ISBN: 978-0132168380
12th edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
Posted Date:
Students also viewed these accounting questions
-
Use the following tax rates: FICAEmployer and employee, 8% of the first $120,000 of earnings per employee per calendar year. State unemployment4% of the first $8,000 of earnings per employee per...
-
For all payroll calculations, use the following tax rates and round amounts to the nearest cent Employee: OASDI: 6.2% on first $118,500 earned; Medicare 1.45% up to 5200,000, 2.35% on earnings above...
-
Use the following tax rates and taxable wage bases: Employees' and Employer's OASDI6.2% both on $118,500; HI1.45% for employees and employers on the total wages paid. Employees' Supplemental HI of...
-
St . Petersburg Graduate School of Management ( GSOM ) in russia . now you required to Analyze the landscape and competitive market of our school ( you will need to choose from which market you are...
-
The following were collected for the Master Blend Coffee production process. The data show the filling weights based on samples of 3-pound cans of coffee. Use these data to construct the and R...
-
Enumerate the basic information that is common to registraticns under the 1933 Act.
-
Recall, venue is the geographic district where a case can properly be heard. Find the venue for the California state court where your paralegal school or residence is located.
-
Aztec Interiors deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of May 31 have been taken from...
-
The outputs of operations are usually the combination of products and services. Explain the outputs classification.
-
Suppose the current USD/euro exchange rate is 1.2000 dollar per euro. The six month forward exchange rate is 1.1950. The six month USD interest rate is 1% per annum continuously compounded? Estimate...
-
Part A - 20 marks There are a set of innovation characteristics that influence consumers' adoption intention. Based on the information presented in the exam case study, evaluate how the Neo P1 rates...
-
Create a one security plan for all three proposed Operating Systems; Network OS, Standalone OS, and Mobile Device OS. Include the following sections as described below. Section I: Operating System...
-
Compensating a flexible workforce is an emerging trend and there has been a growing debate about how you do it since the pandemic. This is because flexible work scheduling is an opportunity to...
-
1. Dragons can be scales can sparkly or rainbow colored. Scale color is monogenic and follows mendelian inheritance. Rainbow is dominant to sparkly. a. Two heterozygous dragons mate. What are these...
-
describe what is Network Operating System. Besides performing standard OS functions, briefly list and describe additional functions performed by Network OS.
-
1. what is the state of the economy (e.g. recession and inflation, growth and inflation etc.); and 2. why (e.g. strong demand pushing AD above potential GDP/LRAS, weaker demand pulling AD below...
-
Volunteer, Inc. offers an unconditional return policy to its customers. During the current period, the company records total sales of $850,000, with a cost of merchandise to Heller of $425,000. Based...
-
Cobb Manufacturing Company uses a process cost system and average costing. The following production data is for the month of June 2011. Production Costs Work in process, beginning of the month:...
-
Figures 2.2 and 2.4 show a bar chart and a pie chart for the risk level for the bond fund data (see pages 43 and 44). a. Create an exploded pie chart, a doughnut chart, a cone chart, and a pyramid...
-
Refer to Problem 16.32. Suppose the first residual is 12.0 (instead of 2.0) and the last residual is -11.0 (instead of -1.0). a. Compute Syx and interpret your findings b. Compute the MAD and...
-
Given the results from Problem 11.34, a. At the 0.05 level of significance, is there an effect due to factor A? b. At the 0.05 level of significance, is there an effect due to factor B? c. At the...
-
Refer to exercise E2-28 of Chapter 2. Start from the trial balance and the posted T-accounts prepared at January 18, 2020. Later in January, the business completed these transactions: Requirements 1....
-
Refer to exercise E3-31. Requirements 1. After solving exercise E3-30, use the data in that exercise to prepare Yosaf Portraits Ltd.'s classified balance sheet at December 31, 2020. Use the report...
-
Satterfield Corporation reported the following current accounts at Deccmber 31, 2019 (amounts in thousands): During January 2020, Satterfield completed these selected transactions: - Sold services on...
Study smarter with the SolutionInn App