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LoginNishit was the Managing Director of 'Lalita Electronics Ltd'. He had been earning good revenues and profits for the company. He believed in giving respect to his subordinates as his moral responsibility. He was the one who recognised the need to find ecofriendly ways to treat waste. Following is the Comparative Statement of Profit and Loss of 'Lalita Electronics Ltd'. for the years ended 31st March, 2013 and 2014:
(a) Calculate Net Profit Ratio for the years ending 31st March, 2013 and 2014.
(b)Identify any two values which are being communicated to the society in the above case.
Class 12 Accounts in Class 12 3 years ago
Net Profit Ratio (For the year ended 31st MARCH, 2013) = `("Rs. 7,00,000")/("Rs. 14,00,000")xx100=50%`.
Net Profit Ratio (For the year ended 31st March, 2014) = `("Rs. 9,10,000")/("Rs. 18,00,000")xx100=50.55%`.
(b) VALUES which are being communicated to the society (Any TWO):
•Sensitivity towards subordinates.
•Promoting healthy living.
•Ethical practices of COMPANY.
Posted on 04 Dec 2021, this text provides information on Class 12 related to Accounts in Class 12. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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