The following information is given : Cost of goods sold ₹7,20,000 Sales returns ₹20,000 Capital employed ₹2,80,000 Gross profit ratio 25% on cost Working capital ₹60,000 Fixed assets turnover ratio is:
CS Executive · Corporate and Management Accounting · PYQS · December 2022
The following information is given : Cost of goods sold ₹7,20,000 Sales returns ₹20,000 Capital employed ₹2,80,000 Gross profit ratio 25% on cost Working capital ₹60,000 Fixed assets turnover ratio is:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Statements Analysis
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