Q543
Statement-I: Working capital leverage measures the responsiveness of return on equity for changes in current assets. Statement-II: When the annual demand for an item is 3,200 units, the unit cost is Rs. 6, inventory carrying charges is 25% p.a., and the cost of one procurementis Rs. 50, the economic ordering quantity would be 700 units.
A.
Both statements are correct
B.
Both statements are incorrect
AnswerC.
Statement-I is correct, but Statement-II is incorrect
D.
Statement-I is incorrect, but Statement-II is correct
Answer: Option B
Solution
Answer: Option B
No explanation is given for this question Let's Discuss on Board