A company reported net profit ratio of 5% and RoA of 9% on total assets of Rs.90 Lakh. What will be the Total Asset Turnover Ratio of the company?
Total Asset turnover Ratio = Sales/Average total assets Here, total asset is known of Rs.90 lakh. Sales need to be calculated. RoA = Net profit/total assets or Net Profit = RoA * total assets = 9% of 90 lakh = Rs.810,000 Net Profit Ratio = Net Profit/Sales or Sales = Net profit/net profit ratio = 810,000/5% = Rs.162 lakh Therefore, total turnover ratio = Sales/Total assets = 162 lakh/90 lakh = 1.8 times
How much deduction under section 80TTA of Income Tax Act is allowed?
Which of the following is not considered as a Current Liability?
A long contract requires that the investor
As per Income Tax Act, Children education allowance is exempt upto?
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, calculate PV ratio?
Which of the following is not a Subsidiary Book in Accounting?
As an auditor you came across a situation where related party transactions have taken place. Which AS deals with it?
As per Schedule III of the Companies Act, 2013, long term provisions are shown –
Which of the below import duties would be imposed?
Which of the following statements about the accrual basis of accounting is true?