Question
If 40% of 'x' is the same as 20% of '120', then determine
'x'.Solution
ATQ,
20% of 120 = 24
ATQ;
24 = 0.4 × x
Or, x = (24 / 0.4) = 60
From the following details, calculate interest coverage ratio:
Net Profit after tax Rs. 60,000; 15% Long-term debt 10,00,000; and Tax rate= 40%
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