16. Prepare the income statement of Prakash firm which gives the following details
relating to its operations :
Operating Leverage
4 Times
Financial Leverage
2 Times
Annual interest paid
Rs. 2.00,000
Corporate tax rate
40%
Contribution to sales
40%
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relating to its operations :
Operating Leverage
4 Times
Financial Leverage
2 Times
Annual interest paid
Rs. 2.00,000
Corporate tax rate
40%
Contribution to sales
40%
Operating Leverage 4 Times Financial Leverage 2 Times Annual interest paid. Rs. 2.00,000. Corporate tax rate 40% Contribution to .
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