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Pick out the wrong statement. | |
A. | Net worth means paid up share capital and reserve & surplus (i.e. shareholders equity). [Wrong Answer] |
B. | Return on equity = profit after tax/net worth. [Wrong Answer] |
C. | Working capital turn over ratio = sales/net working capital. [Wrong Answer] |
D. | Total cost of production is more than net sales realisation (NSR) at break even point. [Correct Answer] |