The capital structure of a company consists of 12,000 equity shares of ₹100 each and 10% Bank Loan of ₹10 Lakhs. Its P/V ratio is 40% and annual fixed cost excluding interest is ₹1,50,000. If the applicable income tax ra
CS Executive · Financial and Strategic Management · PYQS · December 2022
The capital structure of a company consists of 12,000 equity shares of ₹100 each and 10% Bank Loan of ₹10 Lakhs. Its P/V ratio is 40% and annual fixed cost excluding interest is ₹1,50,000. If the applicable income tax rate is 40% and EPS is ₹20, what were the sales of company ? (A) ₹16,00,000 (B) ₹16,25,000 (C) ₹16,50,000 (D) ₹16,75,000
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Management
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