Statement - I Working capital is a short-term capital which is financed from long-term sources. Statement-II Working capital turnover measures the relationship of working capital with sales. Select the correct answer fro

CS Executive · Cost and Management Accounting · PYQS · December 2016
Statement - I Working capital is a short-term capital which is financed from long-term sources. Statement-II Working capital turnover measures the relationship of working capital with sales. Select the correct answer from the options given below —
(A) Both statements are correct
(B) Both statements are incorrect
(C) Statement-I is incorrect, but Statement-II is correct
(D) Statement-I is correct, but Statement-II is incorrect.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Financial Management

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic