Q80
Pick out the wrong statement.
A.
Net worth means paid up share capital and reserve & surplus (i.e. shareholders equity)
B.
Return on equity = profit after tax/net worth
C.
Working capital turn over ratio = sales/net working capital
D.
Total cost of production is more than net sales realisation (NSR) at break even point
AnswerAnswer: Option D
Solution
Answer: Option D
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