GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A company with a paid up capital of 5000 equity shares of Rs. 10 each has a turnover of four times with a margin of 8 % on sales. The ROI of the company will be
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31 %
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32 %
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33 %
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34 %
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Explanation:
Detailed explanation-1: -Formula 1: Share capital equals the issue price per share times the number of outstanding shares. Formula 2: Share capital equals the number of shares times the par value of stock plus the paid in capital in excess of par value.
Detailed explanation-2: -The authorised capital of a company is the maximum amount of share capital for which shares can be issued by a company. The initial authorised capital of the Company is mentioned in the Memorandum of Association of the Company and is usually Rs. 1 lakh.
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