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Efficiency Ratios - These ratios include Receivables Turnover, Inventory Turnover, Asset Turnover and Net Working Capital Turnover ratios. Efficiency ratios demonstrate the utilization of Assets of the company so as to generate Revenue. i.e. the best utilization of assets to generate income is shown by efficiency ratios.
Ø Receivables Turnover = Total Revenue / Net Receivables
Ø Inventory Turnover = Cost of Revenue / Inventory
Ø Asset Turnover = Total Revenue / Total Assets
Ø Net Working Capital Turnover = Total Revenue or Sales / Net Working Capital
First Meeting of creditors The Official Receiver must convene this meeting within 60 days of the receiving order, unless the court extends the time, by giving notice to each c
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Q. Prior period adjustments a. may only increase retained earnings. b. may only decrease retained earnings. c. may either increase or decrease retained earnings. d. do not affect r
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