2233Chemical EngineeringMedium
Pick out the wrong statement?
AReturn on equity = profit after tax/net worth
BWorking capital turnover ratio = sales/net working capital
CTotal cost of production is more than net sales realisation (NSR) at breakeven point
DNet worth means paid up share capital and reserve & surplus (i.e. shareholders equity)
Correct answer
C. Total cost of production is more than net sales realisation (NSR) at breakeven point
Explanation
The correct answer is Total cost of production is more than net sales realisation (NSR) at breakeven point.