CUET AccountancyFinancial Statements > Easy29.6 times2.96 times29.60%2.69 : 1✅ Correct Option: 2Related questions:14 May Shift 1Which of the following statements are True about ratio analysis- (A) A ratio reflects quantitative and qualitative aspects of results. (B) Long-term borrowings are concerned about the ability of a firm to discharge its obligations to pay interest and repay the principal amount (C) A ratio is always expressed as a quotient of one number divided by another. (D) Ratios help in comparisons of a firm's results over a number of accounting periods as well as with other business enterprises. Choose the correct answer from the options given below:22 May Shift 1Which of the following are the objectives of Ratio Analysis? (A) To know the areas of the business which need more attention. (B) To provide a deeper analysis of the profitability, liquidity, solvency and efficiency levels in the business. (C) To know about the potential areas which can be improved with the effort in the desired direction. (D) To provide information derived from financial statements useful for making projections and estimates for the future. Choose the correct answer from the options given below:23 Aug Shift 2If there is Revenue from Operation Rs. 1,20,000 and gross profit is 20% of cost, then the amount of gross profit will be :