Multiple Choice Questions on Total assets of a firm are Rs 20 00 000 and its fixed assets are Rs 8 00 000 What will be the percen........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Total assets of a firm are Rs 20 00 000 and its fixed assets are Rs 8 00 000 What will be the percen...........

General Accounting Principles Financial statement analysis 
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    Total assets of a firm are Rs 20,00,000 and its fixed assets are Rs 8,00,000. What will be the percentage of fixed assets on total assets?

    60%

    Incorrect Answer

    40%

    Correct Answer

    29%

    Incorrect Answer

    71%

    Incorrect Answer
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    Explanation:

    GIVEN: total assets= Rs.20,00,000 : fixed assets= Rs.8,00,000

    % of fixed assets on total assets = fixed assets / total asset-100

    =Rs.8,00,000 / Rs. 20,00,000*100= 40%

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