The following figures are available from the records of ABC Enterprises as at 31st March: Year 2020 (₹ Lakh) 2021 (₹ Lakh) Sales 150 200 Profit 30 50 The P/V ratio is ............

CS Executive · Corporate and Management Accounting · PYQS · December 2021
The following figures are available from the records of ABC Enterprises as at 31st March: Year 2020 (₹ Lakh) 2021 (₹ Lakh) Sales 150 200 Profit 30 50 The P/V ratio is ............
(A) 20%
(B) 25%
(C) 40%
(D) 50%

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Management Accounting

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