Q454
Which one of the following statements is not true?
A.
Conversion of debentures into preference shares will decrease debt-equity ratio
B.
Long-term liabilities due for payment within a year should be treated as current liabilities
C.
Higher operating ratio indicates higher profits
AnswerD.
Cost of sales is a better numerator than sales while calculating stock turnover
Answer: Option C
Solution
Answer: Option C
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