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Question #1 The ratios related to Cosmos Ltd. are given as follows: Gross Profit Ratio 15% Stock Velocity is 6 months Debtors Velocity is 3
Question #1 The ratios related to Cosmos Ltd. are given as follows: Gross Profit Ratio 15% Stock Velocity is 6 months Debtors Velocity is 3 months which means 4 times in a year Creditor's Velocity is 3 months Gross Profit for the year ending 31.12.2019 amounts to Rs. 60.000. Closing Stock is equal to Opening Stock. Find out (a) Sales (b) Closing Stock Question 2 The ratios related to Cosmos Ltd. are given as follows: Gross Profit Ratio 15% Stock Velocity is 6 months Debtors Velocity is 3 months which means 4 times in a year Creditor's Velocity is 3 months Gross Profit for the year ending 31.12.2019 amounts to Rs. 60,000. Closing Stock is equal to Opening Stock. Find out (a) debtors (b) Creditors
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Inventory Best Practices
Authors: Steven M. Bragg
2nd Edition
1118000749, 9781118000748
