Al- Hind Hardware Ltd. is a recently started distribution company in Muscat. The management of the company mulls to improve their operational efficiency based on their previous year experience. The finance manager of Al- hind company is seeking your help in assessing the stock turnover ratio and debtor's turnover ratio from the given financial data; Stock on 1-1-2020 was OMR 8,000, during the year 2020 the company made a total purchase of OMR 18,000 out of which OMR 3000 was on cash basis. Total sales of the company during the year 2020 is 35,000 of which 19,000 was on cash basis. Stock on 31-12-2020 is given as 6,000. The following are the other information extracted from the last year financial statements. Particulars Amount in OMR Return outwards 2,000 Return inwards 1,000 Carriage outwards Salaries and wages 1,500 2,500 Opening debtors Closing debtors 7,000 12,000 Choose the correct Stock turn over ratio and Debtors turnover ratio from the following?

Al- Hind Hardware Ltd. is a recently started distribution company in Muscat. The management of the company mulls to improve their operational efficiency based on their previous year experience. The finance manager of Al- hind company is seeking your help in assessing the stock turnover ratio and debtor's turnover ratio from the given financial data; Stock on 1-1-2020 was OMR 8,000, during the year 2020 the company made a total purchase of OMR 18,000 out of which OMR 3000 was on cash basis. Total sales of the company during the year 2020 is 35,000 of which 19,000 was on cash basis. Stock on 31-12-2020 is given as 6,000. The following are the other information extracted from the last year financial statements. Particulars Amount in OMR Return outwards 2,000 Return inwards 1,000 Carriage outwards Salaries and wages 1,500 2,500 Opening debtors Closing debtors 7,000 12,000 Choose the correct Stock turn over ratio and Debtors turnover ratio from the following?

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Description: 35Al- Hind Hardware Ltd. is a recently started distribution company in Muscat. The management of the companymulls to improve their operational efficiency based on their previous year experience. The finance manager ofAl- hind company is seeking your

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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