plz check
Q.5 Determine the coste of sale from the following data.(5)
| Current ratio | 2.5 |
| Quick ratio | 2.0 |
| Current liabilties | 400,0000 |
| Inventory turnover | 3 times |
May be 400,000 not cnfm
Current ratio = current Assets / current liabilities
2.5 = Current assets / 4,000,000
2.5 * 4,000,000 = Current Assets
Current Assets = 10,000,000
Quick ratio = current Assets – inventory / current liabilities
Quick ratio = (current Assets – inventory) / 4,000,000
2 * 4,000,000 = (current Assets – inventory)
8,000,000
inventory = 10,000,000 – 8,000,000
inventory = 2,000,000
Inventory turnover = cost of sale / avg. inventory
3 = cost of sale / 2,000,000
3 * 2,000,000
cost of sale = 6,000,000
On Sun, Feb 20, 2011 at 9:43 PM, Waqas Ahmed <waqas.vu09@gmail.com> wrote:
What will be the effect on the inventory turnover ratio of the
company, if it changed from FIFO to LIFO during the period of
inflation?
►
Increase►
Decrease►
No effect►
Can not be found from the given information
On Sun, Feb 20, 2011 at 8:43 AM, Waqas Ahmed <waqas.vu09@gmail.com> wrote:
solved kr k send kr do agr asi paper ko
On Sun, Feb 20, 2011 at 8:29 AM, yashmira khan <yashmiraa@gmail.com> wrote:
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