TATA PROJECTS LIMITED

CAPABILITY EVALUATION REPORT OF

CONTRACTOR
(Civil, Mechanical, Electrical & Instrumentation)

Experience

Tools & Plant

Human Resource

CLICK Quality Management Services

Environment/ Health / Safety

Statutory Requirement

General Administration
Name & Address of Vendor: Name of the Auditor Aloke Ganguly
TPL EmpID TPL92560
SR Number 161870
Civcon Enterprises, Vill. Kambrah, P.O-I.E Gomia, Gomia (Bokaro), Jharkhand- 829112 Date of Visit 15.01.2019
Report No. 161870150119
Type of Service / Product civil construction job

Contractor’s Representative interacted for evaluation Name of the site referred:

Name : Mr. Sisir Dutta

Cell No : 9835334602 Gomia Works, P.O Indian Explosives, Gomia

Telephone No :

Email : shishirdutta1959@gmail.com Project : Warehouse construction works

Evaluation Criteria Max Points Scored Points

1 Experience

2 Tools & Plant

3 Human Resources

4 Quality Management System

5 Environment / Health/ Safety

6 Statutory Requirements

7 General/ Administration

8 Financial Strength Points Not Scored

Total

Note:
Scores for all criteria- shall be evaluated by TQS.

Feedback from other customers (Telephonic Enquiry/Personal Visit/Feedback letter/Team Visit) : -

No structured feedback taken from the customers. Few completion certificates reviewed.

Special Remarks:

Verified that the Organization is capable of handling medium level construction projects in and around Kolkata.

Above Contractor is approved / not approved for enlistment for type and range of services indicated above.

Evaluated by:
Aloke Ganguly, 28.11.2018S/D Dy. Head Certification- TQ Services
Name, Signature & Date

Format No.: 06.01.01/F-02/R3

 TATA PROJECTS LIMITED
CAPABILITY EVALUATION REPORT OF CONTRACTOR
(Civil, Mechanical, Electrical & Instrumentation)
Sl. No EXPERIENCE (Max Score – 10)
1 Evaluation Criteria Guidance (check last 3 years Records)
Customer base in various Indian States/regions/Countries Customer Base in two States / Regions
No Customer Base in State / Region (In Any State Or Region)
Audit Evidences- (Pl mention details in
Points Scored Points
brief)
Have completed projcets in Vizag and
Chandrapur apart from locally at Gomia
0 mainly for Orica, Indian explosives Ltd.

1.1 Customer Base in Single State / Region Any State/Region 1

Customer Base in two States / Regions Any Two Or More States/Regions 2

Customer Base in more States / Regions/Countries Any Three States/Regions/Countries Or More 3

Work Experience for Similar type of jobs executed Executed two similar type of job in last 2 years = 3 Similar civil construction projects carried
out, 5 Nos in last two years
Not executed similar type of jobs = 0 0

1.2 Executed one similar type of job in last 2-3 years = 1 Similar projects like PG, T&D, WWW, Urban 1

Executed one similar type of job in last 2 years = 2 Infrastructure, OGH, Metals & Minerals, etc…. 2

Executed two similar type of job in last 2 years = 3 3

Experience of most Critical/Precise Jobs They have not executed any

critical/specialised projects.Only general
Not Executed Critical/Precise Jobs 0 civil construction jobs carried out.
1.3 Critical/ Precise meaning boiler erection,
Executed one Critical/Precise Job commissioning, storage tanks, pressure vessels, 0.5
etc
1

Experience in Criticalities/Adverse environment YES = 1, No =0

The Organization is capable of deploying
Local issues such as employment, state restrictions, manpower in short notice, managing
1.4 Experience in Resolving Local Issues at least a case conflict management, safety, Contingency, etc…. Yes local issues. Safety part is taken care of.
(records or references required) No labour issues observed as discussed
with site contractor Mr. A.K.Sen
No experience in remote/unrest
Gupta.liasioning areas.
with local MLA
Experience of Working in Remote/Unrest Areas /J & K/ Andaman, Arunachal Pradesh, Jharkhand, Bihar,
1.5 No
North Eastern States/South African Countries Chattishgarh, Assam, Etc

Projects involving plantation, energy saving Not experienced

1.6 landscaping, water conservation, animal No
Experience of Green Field Project conservation, green buildings etc

Overall Score
 TATA PROJECTS LIMITED
CAPABILITY EVALUATION REPORT OF CONTRACTOR
(Civil, Mechanical, Electrical & Instrumentation)
2 TOOLS & PLANTS (Max Score -15)
Audit Evidences- (Pl mention
Evaluation Criteria Guidance (check last 3 years Records) Points Scored Points
details in brief)
2.1 Layouts and Measurement
Distance Measuring Devices Count 2 4 Nos steel tapes are available
Available Distance Measuring tools, Long Measuring tape, 2
2.1.1 Laser Measuring tools, Laser Dimension
Partially Available 1
Master.
Not Available 0.5 mark for each of the above instruments 0
Levels 2 Anglr finders, Plumb bob,dumpy levels
available
Digital Electronic levels, Angle finders, Torpedo
Available 2
levels, Specialty levels, Magnetic conduit level,
2.1.2 Laser Plumb bob, Electronic water level,
Partially Available Tripods, Laser Mounts, Grade Rods 1
0.25 mark for each of the above instrument
Not Available 0
Sub Total
2.2 Equipment’s & Tools Civil
CIVIL Contractors
EXCAVATION MACHINERY Enter Count 0 The Organization does not possess any
such machinery since they are not
JCB, Excavators, Road Roller, Backhoe Loader
Available 2 executing any job wherethese are
Each type allot 0.5 marks required
Partially Available 1

Not Available 0
CONCRETE PREPARATION Enter Count 2 concrete mixers, concrete pumps, hot
mixers,water pmp,rod cutter, jack
Concrete Mixers, Vibrators, Compactors, Hot hammer available.Also hand grinders
Available Mixers, Water Tankers /Tanks, Concrete 2
available.
Pumps, Rotary Sand Sieving Machine, Turbo
Partially Available Grinders, Floor Strippers & Scalers, Floor 1
Strippers & Scalars, Scabblers, Scarifiers
Each item marks 0.2
Not Available 0

SCAFFOLDINGS & SHUTTERING Enter Count 0 Not available

 TATA PROJECTS LIMITED
CAPABILITY EVALUATION REPORT OF CONTRACTOR
(Civil, Mechanical, Electrical & Instrumentation)
Sl. No. HUMAN RESOURCES (15)
Audit Evidences- (Pl mention details in
Manpower Guidance Points Scored Points brief)
Total 12 Nos. Permanent employees.
Business Volume INR (CR) Select Business Volume Md.Mubarak Ansari and Dilip Karmali are
Verify HR records 10 diploma in civil engineering.4 staff having
Human Resource more than 10 years experience.
0-10 10 - 100 >=100 years’ experience of 0-10
3.1 skilled manpower if not
Degree or Diploma or Experienced Minimum no. 2 4 6 degree or diploma to be 2
considered
Minimum Supporting Staff (Foreman, Surveyors,
4 8 12 4
Draftsman, Supervisors, Office Staff)
SUB CONTRACTOR RESOURCES Civil

2 The Organization is basically a contractor for

Labour Contractor civil construction job, no tie up with any other
contractors. For all projects labours are hired
2 Done
locallyby hired labours
Bending Contractor ( reinforced Steel)

2 Not engaged in any kind of excavation job

Excavation Agencies

1 The Organization has their own concrete

Concrete Mixers providers mixers.Sometimes RMC is supplied by the
clients.
2 Noe as such.Not involved in flooring job.
Flooring & Tiling Agencies

Please award 0.25 for one tie up & 0.50 for two or 2 The plastering is done by the hired labours
Plastering Agencies only under te supervision of site
more tie-ups engineer/supervisor.
0 Not involved
3.2 Shuttering Agencies
Please ensure minimum 2 tie-ups by verifying work
orders/any evidence 0 Not involved
Woodwork/Carpentry
Contractual agreements /Internal memos/ challans / 0 Not involved
Painting Agencies attendance / registers to be checked
0 Not involved
Plumbing & Sanitation Agencies

0 Not involved
Tractors/Trailors/Dumpers Providers

0 Not involved
Surveying & Topographical Agencies

0 Not involved, drawings are provided by the

Drawings & Drafting Agencies clients.
0 Not involved in any piling job.
Piling Contractors
 Scored Points

Overall Score

Sl. No Evaluation Criteria
4.1 QUALITY MANAGEMENT SYSTEM CERTIFICATION(Max Score -15)
4.1.1 The Quality System complies with ISO 9001
Company possess Valid ISO 9001
4.1.1.1
Certification
Is a written Manual of Quality
4.1.1.2 Procedures available & maintained?
Updating and Maintenance
Awareness of Quality Systems as per
4.1.1.3
ISO
Company is having QA/QC Department
4.1.1.4 If Company is having Qualified
Inspectors/Professional Engineers for
QA/QC Departments
TATA PROJECTS LIMITED
CAPABILITY EVALUATION REPORT OF CONTRACTOR
(Civil, Mechanical, Electrical & Instrumentation)
Guidance Points Scored Points Audit Evidences- (Pl mention details in brief)
Not available, Not certified for QMS
Scope and validity date to be verified (Yes = 0.25) No
Quality manual, procedures (mandatory 6 for ISO 9001-2008 only ) and Not maintained
No
others, essential work instructions
Whether documents are getting revised at least yearly once No Not done since not available.
Asking the personnel at least three persons at various levels about Not applicable since not available
Quality Policy and Implementation at their department Quality policy and No
objectives deployment to be verified
No separate QA/QC department.Site engineers looks
If Company is having QA/QC Department No
after quality.
Two engineers are available to look after work progress
Relevant to the scope of activities, Relevant Tech. Qualification shall be
Yes as well as quality.
verified
Sub Total

4.1.2 Document Control

Master List of Documents viz., Drawings, Purchase Orders & amendments; if any data sheets, BOQ,
Not Maintained
Technical Specifications, applicable Codes etc.
Maintained Fully Verify documents maintained as per master list and approved, For each 0.50 None available
4.1.2.1
Maintained Partially type of documents above marks allotted = 0.1. 0.25 "
Not Maintained 0.00
Not applicable since not available
Correlation of Document Revisions Verify revision numbers on documents tallying with master list sample 5
4.1.2.2 No
with Master List of Documents numbers

Drawing numbers not maiantained in inspection

Inspection / Testing reports are
identified with correct drawing
4.1.2.3
numbers and revisions (Verify latest
reports with drawing no’s & revisions
reports.Joint inspection report with Orica representative
verified dated 27.11.2018 for shade extension job.
Verify 5 inspection reports Yes

Constructions drawings providede by the client are

Availability of Current revision
4.1.2.4
drawings at Works Place / Shop floor
4.1.3 Purchase Control
4.1.3.1 Vendor Evaluation Process
Verify shop floor drawings 5 numbers being used revision numbers
Yes used.The applicable drawings are maintained properly.
tallying with master list. Obsolete documents maintained identified.
Sub Total
Whether selection of Vendors is being done Based on evaluation of No procedure of vendor evaluation. All purchase done
No
certain parameters locally.
 Availability of Approved vendors list / Verify master list of approved vendors / approved vendor data base and Master list of vendors not maintained.
4.1.3.2 No
Data base check sample 5 POs and see whether approved vendors used
Purchase Order Preparation Technical All purchase done verbally from local suppliers.
check 5 sample POs, indents and Specifications to include revision
Specifications are specified in the
numbers and inspection methodology and quality system to be No
Indent/Enquiry/PO check 5 sample POs,
4.1.3.3 indents and enquiries mentioned in PO

As verbal orders placed delivery schedule could be

Product Delivery Schedule Check 5 sample pos and verify whether delivery schedule mentioned Yes ascertained from word of mouth only. Verfied challan
from Shyama Enterprises for MS plates and pipes dated
Sub Total 30.12.2018
4.2 Process control, Inspection and Testing, Calibration of Instruments and Control of Nonconforming Product
4.2.1 Process control
Methodology : Availability of information and characteristics of the Product and Production viz., Job Card
Maintained Partially
System, Procedures or Method Statements, Work Instructions etc.,
4.2.1.1 Maintained Fully In addition control plans / process parameters information to be 1.00 None as such controlled verbally.Job progress report
Maintained Partially available, 0.50 for product parameters as per QAP and 0.50 for process 0.50 maintained.Daily progress report dated 24.12.2018
Not Maintained parameters 0.00 verified.
Only measuring tapes, vernier calliper, screw gauge
Availability and use of Monitoring and Measuring equipment (like
Measuring Instruments - Yes available.
Pressure Gauges, Total Stations, Megger Instruments etc.,) max of 0.25
4.2.1.2
The Organization does not have its own lab.However
Verify for lab facilities existence and whether complying with ISO 17025 tests as and when required are carried out by client
Availability of Lab Facilities Accredited
"0" for unaccredited lab and "0.25" for accredited lab. approved labs as confirmed. None evidenced though.
Product Identification & Traceability through its Cycle of Production, During - Raw Material, Fabrication, Assembly and Final Stage
1. Items stored in designated areas (Racks) 1. The steel items are stored in the stores in racks and at
2. Part Location Identifiable through system the yard at site., Cement bags under shade.2. No
3. Proper Preservation of items identification of part location, not applicable too..Yes
Proper storage of Raw material is 4. Handling of items in approriate manner and using appropriate material stored so that no damage is done.water seepage is
4 prevented.4. Done manually.5. None evidenced as such.
maintained handling equipments
5. Non Confirming items properly identified

0.1 mark for each stage

1. Verify part number/ product identification Not applicable for the nature of job that the Organization
2. Inspection tagging for raw material executes. However pipes for scaffoldings and the
4.2.1.3 3. In process ( fabrication) equipments are kept identified.
Product Identification Maintained 4. Assembly 0.2
5. Final stages

0.1 mark for each stage.

4.2.1.3

1. Records No provision of traceability for the type of job. The

2. Inspection tagging for raw material completed construction are jointly checked from time to
3. In process ( fabrication) time and before final anding over. are checked prior to
Traceability through in-process stages 4. Assembly 0.3 handover.
5. Final stages

0.1 mark for each stage

Sub Total
 4.2.2 Inspection / Testing
Incoming Material Control viz., Storage, Identification, Document control and Correlation with certificates and FIFO etc.,
Storage and Identification is found
acceptable
4.2.2.1
Document Control is available in Stores
Correlation of Documents and Stored
Material
Stage Inspection and Final Inspection activities carried out
4.2.2.2 All Stage Inspection
All Final Inspection
Maintenance of Stage Inspection and Final Inspection Records viz., Acceptance / Clearance records, Handing over records etc., including Third Party Inspection Reports / Records
All Stage Inspection Records
4.2.2.3
All Final Inspection Records
4.2.3 Calibration of Instrument
Found in working condition
4.2.3.1
Calibration records available
Material stored in identified racks and with proper tags and material the TMT bars, cement bags, coarse and fine aggregates
stored outside is properly tagged, handling with proper equipments, are stored at site ground.
1
preservation is maintained, FIFO followed. see sample of 5
0.1 mark for each of above
No specific stock records maintained. Consumption noted
Receipt register, issue register and stock register maintained. Scrap in the job progress report
register and tool register. Formats current revision being used. 1
see sample of 5 0.1 mark for each of above
Physical verification of stock sample 5 and compare with book stock see Consumption on date of evaluation verified.
1
sample of 5 0.1 mark for each of above
No QAP available.Site inspection reports verified.
Verify QAP and inspection reports of 5 sample inspections (all samples
2
to be OK) Prior to hand over jointly with client's representative. After
2
that completion certificate is taken..
Periodic inspection carried out and noted in job progress
report signed by site engineer.Verified dated 05.01.2019,
Yes 08.01.2019
Record retention of all project records till date from start date. Inspection
reports approval verify. Identify whether accept/ reject mentioned in
report (5 samples) Joint inspection check list available. are available..Only
job completeion certifcates checked.
Yes
Sub Total
Working status of Measuring Instruments / Testing Equipments, Maintenance of Calibration Records and correlation
Verify sample 5 instruments and carries 0.20 marks per sample Vernier calliper, screw gauge and measuring tapes are in
Equipment is in working condition and moving freely and with no working condition.
damages 0.6
Calibration certifcates maintained and up to date. Verified
calibration certificate number EC/8034(M)/18-19 dated
5 23.08.2018 from Eastern Calibrators.
Sub Total
 4.2.4 Control of Nonconforming Product
Monitoring of changes in Specifications No change identified as such.
of Product Records of
4.2.4.1 Verify 5 samples and each change record carries 0.10 points 0.1
Design/Drawing/Site Changes
maintained
None as such.Not maintained.No repair observed at
Records regarding Repair / Re-works is Verify 5 samples and each change record carries 0.10 points present site.
4.2.4.2 0.1
maintained Authorized person giving disposition, identification of nonconformity

Not found.
Check nonconformity records and disposition by authorized person,
Monitoring of Non-conformity of Product identification of nonconformity, scrap register . review records of 0
nonconformity in Company. Check 5 Samples
4.2.4.3
No customer complaint record maintained.
Customer complaint handling records, corrective actions taken by
Resolution of Customer Complaints identifying root cause, final communication to client on closure. Check 5 1
samples and average time for closure.

Sub Total
Overall Score
 TATA PROJECTS LIMITED
CAPABILITY EVALUATION REPORT OF CONTRACTOR
(Civil, Mechanical, Electrical & Instrumentation)
Audit Evidences- (Pl mention
Sl. No Evaluation Criteria Guidance Points Scored Points details in brief)

5 Environment /Health/Safety (Max Score – 16) All Available = 1.0; Partially Available = 0.5; Not Available = 0

Not certified for EMS or OHSAS

Company possess Valid ISO 14001 and/or OHSAS
5.1 Not Available
18001 Certification

No environmental or safety policy is

Safety Policy / Statement on Safety by Contractor’s there
5.2 Not Available
Management

No safety offices engaged,

Organogram / details of Safety Officers employed in
5.3 Please verify Qualifications Not Available
previous projects

None maintained as such

Safety Statistics for past 3 years for major sites or
5.4 Not Available
wherever Safety Officer is deployed

No safety traings conducted.

Training report for past 3 years towards Safety Training
5.5 Not Available
of manpower

Hazard Identification & Risk Assessment (HIRA) or Job HIRA has not been in practice
5.6 Safety Analysis (JSA) documents for major activities Not Available
undertaken
None maintained as such
Records of Safety Meetings for sites where Safety
5.7 Not Available
Officer is deployed

Not employed.
Details of First-aid facilities and First-aider employed in
5.8 Not Available
previous projects

Not done
Records of medical examination conducted for their
5.9 Not Available
workmen or medical camps details conducted
 gate pass of all workmen at site
5.1 Records of Height pass / gate pass for their workmen. All Available available

Tools and plants have never been

Records of Third party inspection reports for Tools & inspected by any third party
5.11 Enclose reports Not Available
Plants

Accident / incident records (including Near Miss Not maintained as such

5.12 incidents) and Corrective Action Preventive Action Not Available
(CAPA) Reports
no training provided as such and no
Records in Training and experience in scaffolding for records available.
5.13 Not Available
scaffolding supervisor or scaffolding gangs deployed

Not maintained for the tools and

Periodic Inspection reports of T&P, Hand Tools, Power plants that the Company owns
5.14 Not Available
Tools, Welding M/Cs.

satsfactory completion certificates

Details of appreciations / penalties received in previous available for most of the projects
5.15 Partially Available
projects executed

Enclose photographs of Excavations executed (if any), Photogeaphs attached for the job
5.16 Electrical installation, Stores / Storage area, Stacking All Available being carried out at site.
Procedure Compliance

Overall Score
 TATA PROJECTS LIMITED
CAPABILITY EVALUATION REPORT OF CONTRACTOR
(Civil, Mechanical, Electrical & Instrumentation)
Audit Evidences- (Pl mention details in
Sl. No Evaluation Criteria Guidance Points Scored Points brief)

6 Statutory Requirements (Max Score – 4)

Complies to following statutory requirements, as applicable Applicable =0.5 ; Not Applicable =0

GST Certificate available and attached

6.1 Availability of Service Tax / Sales tax Available

Available and attached

6.2 Availability of Income Tax Clearance Certificate Available

Available and attached

6.3 Availability of Trade License/Registration Certificate Available

Copy to be Obtained
Available and attached
6.4 Provident fund registration (check for monthly remittance / wage register) Available

Not necessary for all projects.Taken when

6.5 Works Contract registration Not Available required.

Available and attached

6.6 Employee's Insurance policy/Workmen Compensation policy Available

Not available
Check for number of
6.7 Labour License workforce deployed vs Not Available
actual labour obtained for

Abide by minimum wages act for permanent

6.8 Minimum Wages Available staff

Overall Score
 TATA PROJECTS LIMITED
CAPABILITY EVALUATION REPORT OF CONTRACTOR
(Civil, Mechanical, Electrical & Instrumentation)
Audit Evidences- (Pl mention details in brief)
Sl. No Evaluation Criteria Guidance Points Scored Points

7 General /Administration (Max Score – 5)

Reviewed 3 completion certificates from Indian

Adherence to Project Schedule (verify
7.1
documents) can be covered earlier
Work Experience with Prestigious and
7.2
major customers
Project plan versus achievement
Number of large customers in last three years . each
customer marks= 0.25
explosives Ltd. For civil construction work at
Satisfactory Bisakhapatnam, chandrapur and rollex area gomia.
All completed withinn specified delivery schedule.
Exclusively works for Indian Explosives Ltd
0.25

interacted withMr. Ansari, Mr. Dilip. They are qualified

Verify for conflicts by interviewing 5 workmen, verify and experienced in civil construction job.however no
7.3 Quality of Man Management at Site persons deployed and education and experience, 5 special training are imparted.
training and skills.

None found as such. Verified for three projects all

See complaint records for past three years.(even 1 completed on time to full staisfaction.
7.4 No major Noncompliance in past jobs Satisfactory
major non compliance its not met)

All statutory reports are submitted in time.No backlog.

Capability of Handling Statutory agencies See reports sent to statutory authorities and
7.5 Satisfactory
can be covered earlier comments received

Adequate. Has contact with several labour

contractors and mobillazion is possible in short notice
7.6 Mobilization Capability (Workforce and T&P) Satisfactory

The Contractor is capable of handling local site

conditions.
7.7 Capability of handling local site conditions Satisfactory

Quite accessible as found during the

Accessibility to Contractor's Main office & evaluation.client.s office is used as site office.
7.8 Responsiveness of employees, approach etc Satisfactory
Site office

Structured feedback is not taken.However

Customer feedback 5 Samples each sample carries performance certificate/work completion taken from
7.9 Feedback from other customers 1 customer from time to time. Repeat orders are
0.20 points
received..
Overall Score
 TATA PROJECTS LIMITED
CAPABILITY EVALUATION REPORT OF CONTRACTOR
(Civil, Mechanical, Electrical & Instrumentation)
Sl. No Evaluation Criteria Guidance Points Scored Points
8 FINANCIAL EVAULATION (Max Score -20)
Sales Growth
>20% 4.00
>15% 3.00
8.1
>10 % As per submitted evidences (Refer Last three years) 2.00 0
0 - 10 % 1.00
Below 0 0.00
PBT
> 10% 4.00
> 8% 3.00
8.2
> 5% Growth over previous year (Average of last 3 years) 2.00
0 -4% 1.00
Below 0 0.00
Growth of Net worth over previous years ([Net worth = Total Assets - Total Debts (Refer
audited balance sheet)])
> 10% 4.00
8.3 > 8% High net worth relates to good financial strength and ultimately good 3.00
credit rating for a company. Similarly a low or negative net worth will
> 5% 2.00 0
relate to a weaker financial strength and a lower credit rating, thus
0 -4% directly affecting the company's ability to raise funds from the market 1.00
Below 0 0.00
Debt / Equity Ratio [Debt /Equity ratio= Total Long term liabilities (Debt ) / Equity (Net W
1:1 4.00
8.4 1:1 upto 1.5 : 1 It is a measure of a company's ability to repay its obligations. If this ratio 3.00
is increasing, company is being financed by creditors rather than from 0
1.6 upto 2.0 : 1 2.00
its own sources which may be a dangerous trend
2.1 & above : 1 1.00
Inventory Turnover Ratio Cost of Goods Sold ÷ Average Inventory
Above 4.0 2.00
The inventory turnover ratio compares cost of goods sold with average
Between 4 and 2 inventory for a period. This measures how many times average 1.50
8.5 inventory is "turned" or sold during a period. It is important to have a
Between 2 and 1.25 1.00 0
high Inventory Turnover Ratio which shows the company does not
overspend by buying too much inventory and wastes resources by
storing non-salable inventory.
Less than 1.25 0.00
Accounts Payable Turnover Ratio (Total Purchases ÷ Average Accounts Payable )
Above 4.0 2.00
Total purchase is calculated by adding the ending inventory to the cost
Between 4 and 2 of goods sold and subtracting the beginning inventory. Average 1.50
8.6 accounts payable is calculated by adding the beginning and ending
1.00 0
Between 2 and 1.25 accounts payable together and dividing by two. A higher ratio shows
suppliers and creditors that the company pays its bills frequently and
regularly
Less than 1.25 0.00
Overall Score 0