Question
Which one of the following committees was constituted in
the year 1991 for reforms in the tax structure in India?Solution
The Chelliah Committee was set up in 1991 to suggest reforms in the Indian tax system and improve the efficiency of tax administration. • Some of the major tax reforms recommended by the TRC were: • Lowering marginal tax rates • Broadening the tax base • Reforms in tax administration • Simplifying the tax structure • Enforcing indirect and direct taxesÂ
For knowing the cash (liquidity) position of a company which of the ratio will be used? Â
A high Inventory Turnover Ratio, in comparison to industry average, may indicate:
A company’s debt-to-equity ratio increases from 1.5 to 2.5 over the year. What can be a likely interpretation?
If Current Ratio is 2.5:1 and Working Capital is â‚ą1,50,000, what are Current Assets?
Debt Service Coverage Ratio is calculated as:
A company has the following details:
• Net Profit: ₹12 lakh
• Equity: ₹60 lakh
• Debt: ₹40 lakh
• Interest: �...
Debt Equity Ratio 2:1; Total Assets â‚ą15,00,000; Equity = ?
The ratio that measures the efficiency of total assets usage is:
A company is evaluating its debt-equity mix. It observes that increasing debt reduces overall cost of capital up to a point, but beyond that the cost of...
Annual sales of a company are ₹36,00,000, out of which 25% are cash sales. The balance represents credit sales. The company’s Debtors at year-end ar...
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