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प्रश्न
Calculate ‘Return on Investment’ and ‘Debt to Equity Ratio’ from the following information:
| Net Profit after Interest and Tax | ₹ 6,00,000 |
| 6% Debentures | ₹ 10,00,000 |
| Tax Rate | 40% |
| Capital Employed | ₹ 20,00,000 |
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उत्तर
(i) Calculation of Net Profit before Interest and Tax:
Net Profit after Tax = ₹ 6,00,000
Net Profit before Tax = `₹ 6,00,000 xx 100/60`
= ₹ 10,00,000
Debentures = ₹ 10,00,000 at 6% interest
Interest = ₹ 10,00,000 × `6/100`
= ₹ 60,000
Net Profit before Interest and Tax = Net Profit before Tax + Interest
= ₹ 10,00,000 + ₹ 60,000
= ₹ 10,60,000
Return on Investment = `"Net Profit before Interest and Tax"/"Capital Employed" xx 100`
= `(₹ 10,60,000)/(₹ 20,00,000) xx 100`
= 53%
(ii) Long-term Debts = 6% Debentures = ₹ 10,00,000
Shareholder’s Funds = Capital Employed − Long-term Debts
= ₹ 20,00,000 − ₹ 10,00,000
= ₹ 10,00,000
Debt Equity Ratio = `"Long term Debts"/"Shareholder’s Funds"`
= `(₹ 10,00,000)/(₹ 10,00,000)`
= 1 : 1
