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प्रश्न
Calculate Interest Coverage Ratio and Rate of Interest on Bank Loan from the following information:
| (i) Bank Loan (Assume the only debt of the company) | ₹ 50,00,000 |
| (ii) Profit after Tax | ₹ 8,57,500 |
| (iii) Tax Rate | 30% |
| (iv) Profit before Interest and Tax | ₹ 15,75,000 |
संख्यात्मक
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उत्तर
Interest Coverage Ratio = `"Profit before Interest and Tax"/"Fixed Interest Charges"`
Profit before tax = `₹ 8,57,500 xx 100/70`
= ₹ 12,25,000
Interest = Profit before Interest and Tax − Profit before Tax
= ₹ 15,75,000 − ₹ 12,25,000
= ₹ 3,50,000
Interest Coverage Ratio = `(₹ 15,75,000)/(₹ 3,50,000)`
= 4.5 times
Rate of Interest on Bank Loan = `(₹ 3,50,000)/(₹ 50,00,000) xx 100`
= 7%
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