1. A company with a debt-to-equity ratio of 2.5 and Rs. 10 million of assets has debt of...?
a Rs. 2.9 million.
b. Rs. 5 million
C. Rs. 7.14 million d. Rs. 8.23 million
2 A Company had sales of Rs. 580000 out of which 20 per cent were on cash basis. The opening balance of trade receivables was Rs. 124000 and the closing balance was Rs. 140000. Assuming the number of days in a year to be 360, what is the average collection period (ACP) in days?
a. 120
b. 100 c. 140
d. 150