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From the following details, calculate Interest Coverage Ratio: Net Profit after Tax ₹ 7,00,000 6% Debentures ₹ 20,00,000

Anurag Pathak
August 14, 2023
[CBSE] TS Grewal Solutions, Accounting For Share Capital

3.61K viewsAugust 14, 2023[CBSE] TS Grewal Solutions Accounting For Share Capital

Anurag Pathak28.60K August 14, 2023 0 Comments

From the following details, calculate Interest Coverage Ratio:

Net Profit after Tax	₹ 7,00,000
6% Debentures	₹ 20,00,000
Tax Rate 30%

[Ans.: Interest Coverage Ratio = 9.22 Times.]

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Anurag Pathak28.60K Posted August 14, 2023 0 Comments

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