Question

1 Anirban is working as a finance manager of Shourya Ltd' a company dealing in exquisite designer
jewellery He has been asked to raise 200 crore within next 6 months to fund the new project of the
companySince the present interest coverage ratio of the company is low,the Head (finance) is of the
opinion that the required capital should be raised through equity Moreover, the flotation cost should not
exceed 8% of the funds raised Ariban is able to raise the required funds after 8 months at 6% flotation
cost. He cannot be acknowledge as an
a) Effective manager
bicient manager
(c) Both and (a) and (b)
(d) None of the above​

Answer 1

Answer:

A

Explanation:

he is able to arrange fund in less interest as per standard but not in given time where he exceeded by 2 months