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      Question

      Which of the following ratio is not derived from profit

      and loss statement? i. Debt Equity Ratio ii. Current Ratio iii. Stock turnover ratio iv Expense ratio
      A Only i Correct Answer Incorrect Answer
      B Only i and ii Correct Answer Incorrect Answer
      C Only i and iv Correct Answer Incorrect Answer
      D Only iii Correct Answer Incorrect Answer
      E Only iv Correct Answer Incorrect Answer

      Solution

      Debt Equity ratio and Current Ratio are calculated from Balance Sheet, not from the Profit & Loss statement.

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