Depreciation of Rupee
Kumar exhibited his profound creativity in designing a new symbol for an Indian Rupee but it failed to ignite any excitement, either in India or abroad for the simple reason that Indian Rupee is a beleaguered currency now, for it has lost its sheen over the years. A rich title for a poor currency! The value of Indian Rupee has devalued greatly since independence, notwithstanding some small measly upswings against dollar sometimes which is touted as a strengthening Rupee.The fact…...
EconomyFinanceFinancial MarketsInvestmentRecent BiotechnologyTechnology
What information could Amazon's management provide to investors to clarify the change in inventory turnover? What are the costs and benefits to Amazon from disclosing this information? What issues does this change raise for the auditor? What additional tests would you want to conduct as Amazon's auditor? Amazon had annulled sales of $51. 6 billion and an implied annulled inventory turnover rate Of 16. 1 at the end Of 2010 and $696 billion and 13. , respectively, at the end…...
Corporate FinanceEconomyFinanceFinancial MarketsFinancial StatementInvestment
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