Fill in the blanks with appropriate words: (i) Liquidity Ratios measure _______ solvency of the enterprise. (ii) _________ and stores and spares are not considered in computing Current Ratio. (iii) Debit balance is Surplus, i.e., Balance in Statement of Profit and Loss is deducted to calculate ________ to calculate Debt-Equity ratio. (iv) It is an objective of __________ ratio is to measure proportion of fixed assets financed by the Shareholder's Funds. (v) ________ estabilishes the number of times amount invested in trade receivables is turned over in a year in relation to Revenue from Operations. (vi) The formula for Working Capital Turnover ratio is __________ (vii) Complete the formula for Inventory Turnover Ratio: cost of Revenue from Operations/________. (viii) Gross Profit + Other Income - ________ = Net Profit. (ix) __________ and Operating Profit Ratio are complimentary to each other. (x) Trade Payable is the sum total of Creditors and _______

Fill in the blanks with appropriate words: (i) Liquidity Ratios measu

1.	Fill in the blanks with appropriate words: (i) Liquidity Ratios measure _______ solvency of the enterprise. (ii) _________ and stores and spares are not considered in computing Current Ratio. (iii) Debit balance is Surplus, i.e., Balance in Statement of Profit and Loss is deducted to calculate ________ to calculate Debt-Equity ratio. (iv) It is an objective of __________ ratio is to measure proportion of fixed assets financed by the Shareholder's Funds. (v) ________ estabilishes the number of times amount invested in trade receivables is turned over in a year in relation to Revenue from Operations. (vi) The formula for Working Capital Turnover ratio is __________ (vii) Complete the formula for Inventory Turnover Ratio: cost of Revenue from Operations/________. (viii) Gross Profit + Other Income - ________ = Net Profit. (ix) __________ and Operating Profit Ratio are complimentary to each other. (x) Trade Payable is the sum total of Creditors and _______
Answer» SOLUTION :(i) Short-term (ii) Loose tools (iii) Shareholders' Funds (iv) Proprietary (V) Trade Receivables Turnover Ratio (vi) Revenue from Operation/Working Capital (vii) Average Inventory (VIII) Indirect Expenses (ix) Operating Ratio (X) BILLS Payable

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