Question 17
Foremost Inc. has a net income of ₹ 29,600, a total asset turnover of 1.4, total assets of ₹ 3,18,600, and a debt-equity ratio of 0.35. What is the return on equity (expressed in percentage – just enter the numerical value)?
Question 17: Foremost Inc. has a net income of ₹ 29,600, a total asse…
Show answer
Correct answer: 12.5 (accepted within ±0.5)
Question 17 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 2 paper sat on 3 Dec 2023, in the September 2023 term (IIT M DEGREE AN2 EXAM QDB2 03 Dec 2023). It carries 1 mark.
This question was also asked in
More questions from this paper
- Two mutually exclusive projects have 3-year lives and a required rate of return of 10.5 percent. Project A costs ₹75,00…
- PQR financials is a loan provider for businesses, and it is evaluating the following companies for providing a loan.\ a…
- A company is having a lower PE ratio which of the following statement(s) about the company is most likely true:\ a) Sta…
- In the financial year 2022-2023 a company consumed raw materials worth 10,00,000 INR. The balance sheet as of 31^(st) M…
- Which of the following statement is True as debt increases in the capital structure of a company:
- Which of the following statement(s) is correct about the Capital Asset Pricing Model:\ I. As per CAPM, the expected ret…
- What is the capture rate of events at the top 3 bins from the below report? | Decile | Non Event | Event | % Non-Event …
- What is the rollback rate for 90-119 DPD after 18 MOB?
- What is the rollback rate for 60-89 DPD after 18 MOB?
- Which of the following is an example of Revolving credit?
- What is the roll forward rate for 90-119 DPD after 18 MOB?
- What is the roll forward rate for 60-89 DPD after 18 MOB?
- Reject Inferencing is used on the approved credit applications.
- Which of the following is used for choosing the observation window in Probability of Default model development?
- An increasing inventory turnover ratio
- XYZ bank is interested in lending loans to companies and earn interest income from it. But at the same time they also w…
- Nu-Tools plans to set aside an equal amount of money each year, starting today, so that it will have ₹ 35,000 saved at …
- Your grandparents would like to establish a trust fund that will pay you and your heirs ₹ 3,00,000 per year forever wit…
- ABC Pension Fund Incorporation is planning to create a pension schemes for it’s employees. The company’s financial anal…
- The net income for a year was ₹ 8,50,000. Beginning and ending assets were ₹ 85,00,000 and ₹ 96,00000, respectively. Wh…
- Mr. Alex will receive annuity payments of ₹ 5000 a year for 4 years, with the first payment occurring at the beginning …
- ABC incorporation is in the business of selling luxury cars. The company ended 2022 having a Total Asset of \ 10,000,00…
- Which of the two options will you consider investing if the return is 7%
- If interest rate drops to 3% will you consider changing the decision?