UGC NET COMMERCE December 2018 Q32
0. Which one of the following statements is not true?
- A
Cost of sales is a better numerator than sales while calculating stock turnover.
- B
Conversion of debentures into preference shares will decrease debt-equity ratio.
- C
Higher operating ratio indicates higher profits.
- D
Long-term liabilities due for payment within a year should be treated as current liabilities.
