Answer / jayanta mohanty

Exgratia word has come from Latin word.It's literary
meaning is something extra ,over and above the liabilty.
Thus the Exgratia payments refers to a payment made to
someone in addition to the actual liability to pay.
For example, a lump sum payment over and above the pension
benefits of a retiring employee.Ex-gratia is Latin form,
from favor or as a favor. Also called ex-gratia settlement.

the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.

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