Hope Ltd made total sales of Rs.500,000 of which 70% were credit sales. ABC Ltd reported gross profit of Rs.200,000 that year. If the opening and closing inventory was Rs.40,000 and Rs.60,000 respectively, what is the inventory turnover ratio of ABC Ltd?
Inventory turnover ratio = cost of goods sold (COGS) / average inventory COGS = Sales- gross profit = 500,000-200,000= 300,000 Average Inventory = (Opening inventory + Closing inventory) / 2 = (40,000+60,000)/2 = 50,000 Inventory turnover ratio =300,000/50,000= 6
Azolla is used in cultivation of:
A dose of herbicide which inhibits growth of test plants by 50% is
Judicious removal of plant part to obtain better and qualitative yield is termed as
Match List-I with List-II and select the correct answer using the codes given below.
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