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From the following information calculated interest …

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From the following information calculated interest coverage ratio: net profit after tax rs.170000 tax rs 30000: interest on long term fund rs.50000.

    • Posted by Sapna Vishwakarma 3 years, 11 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Gaurav Seth 3 years, 11 months ago

    A n s w e r
    Profit before Interest and Tax = Profit after Tax + Tax +Interest

    = 1,70,000 + 30,000 + 50,000 = 2,50,000

    Interest Coverage Ratio :

    = Net profit before Interest and Tax / Interest

    = 250000 / 50000=5 times

    0Thank You

    ANSWER
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