Question

8: The gross profit of a firm was found be to
Rs. 35,00,000. Operating expenses were Rs.
6,00,000 (including depreciation of 25% of
operating expenses). Interest expense was
estimated at Rs. 185,000. Effective Tax rate for
the firm was 30%. Return on Total Asset of the
firm was 15%. Total Assets will be​

Answer 1

Answer:

the total asset will be 80 percent

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