ABC Ltd. gives the following information : Fixed assets = ₹10,50,000 Fixed assets turnover ratio (on cost of sales) = 2 Gross Profit (GP) rate on sales = 25% Calculate the Sales value :
CS Executive · Cost and Management Accounting · PYQS · December 2019
ABC Ltd. gives the following information : Fixed assets = ₹10,50,000 Fixed assets turnover ratio (on cost of sales) = 2 Gross Profit (GP) rate on sales = 25% Calculate the Sales value :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Financial Statement Analysis
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