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Answer the following four questions (a) What amount of cash should be paid to suppliers...

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Accounting

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Answer the following four questions (a) What amount of cash should be paid to suppliers if the ABC corporation reports the following data during 2011: COGS Rs 40000; Beginning inv 10000, Ending inventory Rs 20000, beginning account payable 20,000; ending account payable 30,000; Allowance for uncollectible accounts Rs 10,000 (b) The cost of goods sold (cogs) of Bhushan Steel Limited for 2016 was Rs 65,000. The beginning and ending inventory of the company were Rs- Rs14,000, respectively. What is the inventory turnover for 2016? (c) Assume that XYZ company needs to estimate the cost of the goods destroyed (ending inventory) after considering the following facts. The compa the beginning inventory of Rs 84,000, net purchases totalled Rs 645,000, and sales came to Rs 830,000. The company's normal gross profit percent (d) MAX company's annual report contains the following information: Current ratio, 3, Quick ratio, 2.25; Current liabilities, Rs 3000; Inventory turc Based on the above data, compute the inventory of the company? [4 x 3 = 12 Marks]

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