6175Chemical EngineeringMedium
Pick out the wrong statement?
AReturn on investment (ROI) is the ratio of profit before interest & tax and capital employed
BWorking capital = current assets + current liability
CTurn over = opening stock + production closing stock
DDebt-equity ratio of a chemical company describes the lenders contribution for each rupee of
Correct answer
B. Working capital = current assets + current liability
Explanation
The correct answer is Working capital = current assets + current liability.