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Question
If Total Assets of Harbhajan Limited are ₹ 60,00,000 and its Fixed Assets are ₹ 24,00,000, what will be the percentage of Fixed Assets on Total Assets?
Options
71%
29%
60%
40%
MCQ
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Solution
40%
Explanation:
Percentage of Fixed Assets on Total Assets = `"Fixed Assets"/"Total Assets" xx 100`
= `(24,00,000)/(60,00,000) xx 100`
= 40%
shaalaa.com
Activity Ratio - Fixed Assets Turnover Ratio
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