Question
A company with paid-up equity capital of ₹20,00,000 and free reserves of ₹30,00,000 decides to buy back shares worth ₹15,00,000. The debt-equity ratio post buy-back must not exceed 2:1. If the company has existing debt of ₹70,00,000, can the buy-back be executed?
More Accounts Questions
- A company has ₹10,00,000 10% Redeemable Preference Shares. These are redeemed at 10% premium out of fresh equity issue of ₹6,00,000 and balance from reserv...
- The process of recording business transactions in a chronological order is called:
- An insurance company issues a one-year policy for ₹1,00,000 sum assured. Expected mortality rate = 0.001, expenses ₹50 per policy, risk-free discount rate ...
- Which of the following is an example of capital expenditure?
- System ovaluation in torms of hardware primarily involves:
- Which body in India is responsible for issuing auditing standards?
- Which of the following is NOT an operating objective of Inventory Management?
- If the Opening value of the plant introduced in the contract is R.60,000 and the closing value is 55,000, what is the net cost charged on account of...
- GeM is characterized by which of these three core elements?
- Company A and Company B merge to form Company AB. Assets and liabilities are taken over at book value, and shareholders of both companies continue to have ...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt