A Ltd. invested ₹500 lakh in assets. There are 50,00,000 shares outstanding. The par value of share is ₹10. It earns a rate of 15% on its investment and has a policy of retaining 60% of the earning. Growth rate is ......
CS Executive · Corporate and Management Accounting · PYQS · December 2021
A Ltd. invested ₹500 lakh in assets. There are 50,00,000 shares outstanding. The par value of share is ₹10. It earns a rate of 15% on its investment and has a policy of retaining 60% of the earning. Growth rate is ............
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Financial Management
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