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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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