You are given the following information in respect of Surya Limited and Chand Limited in similar business
Question:
You are given the following information in respect of Surya Limited and Chand Limited in similar business for the year ended 31st March 2017.
1. Which company is managing its trade receivables better?
2. Which company is turning its inventories faster?
Transcribed Image Text:
Particulars Sales Cost of goods sold Trade receivables Inventory Trade payables (in Million) Surya Limited 834 670 132 89 62 Chand Limited 680 550 120 64 55
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
1 Surya Limited has a receivable turnover ratio of 632 times compared to 567 times of Chand Limited ...View the full answer
Answered By
Mary Boke
As an online tutor with over seven years of experience and a PhD in Education, I have had the opportunity to work with a wide range of students from diverse backgrounds. My experience in education has allowed me to develop a deep understanding of how students learn and the various approaches that can be used to facilitate their learning. I believe in creating a positive and inclusive learning environment that encourages students to ask questions and engage with the material. I work closely with my students to understand their individual learning styles, strengths, and challenges to tailor my approach accordingly. I also place a strong emphasis on building strong relationships with my students, which fosters trust and creates a supportive learning environment. Overall, my goal as an online tutor is to help students achieve their academic goals and develop a lifelong love of learning. I believe that education is a transformative experience that has the power to change lives, and I am committed to helping my students realize their full potential.
5.00+
4+ Reviews
22+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Jack Williams works in a very active department called purchasing. He works with store managers, marketing, and supply companies. The people in his department try to have the right product, in the...
-
What is the support for the association rule bread milk? What is the confidence for this rule? What is the support for the sequential pattern {bread} {butter}? What is the confidence for this...
-
Sun Pharmaceutical Limited is a leading pharmaceutical company of India engaged in research and manufacturing of drugs. It has over over 40 stateoftheart manufacturing sites spanning 6 continents....
-
a) Assuming that your capital is constrained, what is the fifth project that you should invest in? Please show work. b) Assuming that your capital is constrained so that you only have $600,000...
-
Crafty Paint prepares and packages paint products. Crafty Paint has two departments: (1) Blending and (2) Packaging. Direct materials are added at the beginning of the blending process (dyes) and at...
-
Consider again the RLC circuit of Problem P3.1 when R = 2.5, L = 1/4, and C = 1/6. (a) Determine whether the system is stable by finding the characteristic equation with the aid of the A matrix. (b)...
-
What is the probability that a player is dealt 20 ?
-
Use the data in GPA2.RAW for this exercise. (i) Consider the equation where colgpa is cumulative college grade point average, hsize is size of high school graduating class, in hundreds, hsperc is...
-
Using a range of determinants of lifestyle you learned in this course, together with ideas from the article above, develop a lifestyle profile of a customer who has the habit of buying counterfeit...
-
How does short-term solvency analysis differ from longterm solvency analysis?
-
The management of Ram Sham Limited is concerned about the increasing level of sundry receivables. The company has the policy of giving 60 days credit to its customers. All the sales are on credit...
-
Estimating fixed and variable costs using the high-low method Conry Ice Cream Company produces various ice cream products for which demand is highly seasonal. The company sells more ice cream in...
-
In a period of rising prices, the inventory cost allocation method tends to result in the lowest a. LIfO. b. FIFO. c. average cost. d. specific identification.
-
When the current years ending inventory amount is overstated, then the a. current years cost of goods sold is overstated. b. current years total assets are understated. c. current years net income is...
-
Banks that lend money to corporations are considered a. creditors. b. stockholders. c. both a and b above. d. neither a nor b above.
-
_____ is the total of an employees pay and benefits.
-
_____ is the lowest hourly rate of pay generally permissible by federal law.
-
Doug Brackett runs Downtown Automotive in Nelson, BC. He has collected customer counts for a random sample of days. The data set is shown below in Exhibit 3.11. Calculate an appropriate measure of...
-
Find a polar equation for the curve represented by the given Cartesian equation. 4y 2 = x
-
Should gifts made by individuals to a nonprofit organization that receives the largest portion of its revenues from fees for services be fully tax deductible, partially tax deductible or not...
-
Read the article, Exploring Religious Congregations? Registration With the IRS by Christopher Scheitle, Erica Dollhop-f, and John McCarthy. Explore the regional, religious, and administrative...
-
Read the article, Exploring Religious Congregations? Registration With the IRS by Christopher Scheitle, Erica Dollhop-f, and John McCarthy. (See Articles.) Discuss the role New Institution Theory may...
-
Majestic Corporation began the year with accounts receivable, inventory, and prepaid expenses totaling $63,000. At the end of the year, Majestic had a total of $77,000 for these current assets. At...
-
Goshford Company produces a single product and has capacity to produce 155,000 units per month. Costs to produce its current sales of 124,000 units follow. The regular selling price of the product is...
-
The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2019, the first day of the fiscal year: Cash Customer accounts receivable Allowance for uncollectible...
Study smarter with the SolutionInn App