The ratio of Net Sales to Inventory is known as the Inventory Turnover Ratio. It is a financial metric that measures how efficiently a company is managing its inventory and how quickly it is selling its inventory during a specific period. The formula for Inventory Turnover Ratio is: Inventory Turnover Ratio = Net Sales / Average Inventory Where: Net Sales = Total Sales Revenue - Sales Returns and Allowances - Sales Discounts Average Inventory = (Opening Inventory + Closing Inventory) / 2
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A started a business with an investment of Rs.36000. After few months B joined him with an investment of Rs.42000. If at the end of the year, they share...
A and B initially started a business by investing Rs. 1600 and Rs. 2100, respectively. After 6 months, C joined the business with an investment of Rs. ...
A and B commenced a business with initial investments of Rs. 900 and Rs. 1,575, respectively. After 7 months, C joined the business with an investment o...
‘A’ and ‘B’ invested Rs. 4600 and Rs. 2800, respectively in a business, together. After 6 months, ‘A’ withdrew 25% of his initial investment...
