Sun Ltd. has furnished the following relevant data of financial statements as on 31 st March, 2016: Equity share capital (1,00,000 equity shares of ₹10 each) ₹10,00,000 General reserve ₹2,00,000 15% Debentures ₹2,80,000
CS Executive · Cost and Management Accounting · PYQS · December 2016
Sun Ltd. has furnished the following relevant data of financial statements as on 31 st March, 2016: Equity share capital (1,00,000 equity shares of ₹10 each) ₹10,00,000 General reserve ₹2,00,000 15% Debentures ₹2,80,000 Current liabilities ₹8,00,000 Fixed assets ₹30,00,000 Current assets ₹18,00,000 Additional information: Annual fixed cost excluding interest ₹2,80,000 Variable cost ratio 60% Total assets turnover ratio 2.5 times Tax rate 30% Earnings per share (EPS) will be —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Financial Management
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