Question
If a firm’s interest coverage ratio falls from 6x to
2x over a year, it indicates:Solution
Interest coverage ratio = EBIT / Interest; fall implies strain in interest-paying capacity, increasing financial risk.
A marked an article 58% above the cost price and sold it for Rs. 268.6 after giving a discount of 15%. Find the percentage profit earned by him if he se...
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A shopkeeper originally priced an item at 60% above its cost price and then offered a 15% discount before selling it. If the shopkeeper had initially ma...
