Student Community

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.]

Anurag Pathak Changed status to publish August 14, 2023

Add a Comment

1 Answer

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

Solution:-

Anurag Pathak Changed status to publish August 14, 2023

Add a Comment

You are viewing 1 out of 1 answers, click here to view all answers.

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 8132

Telegram Channel

Telegram Channel

1 Answer

1 Answer

Anurag Pathak

Related Questions