Only answer no need to explain PASSAGE Betatronics Ltd. has the following balance...
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Accounting
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PASSAGE Betatronics Ltd. has the following balance sheet and income statement information: Balance Sheet as on March 31st Liabilities (Rs.) Equity capital (Rs. 10 per share) 800000 10% Debt 600000 Retained earnings 350000 Current liabilities 150000 Total of liabilities side is 19,00,000, Net fixed assets 1000000 Current assets 9,00,000 total of Asset side is 19,00,000 Income Statement for the year ending March 31 Particulars (Rs.) Sales 340000 Operating expenses (including Rs. 60,000 depreciation) 120000 EBIT 220000 Interest 60000 Earnings before tax 160000 Taxes 56000 Net Earnings (EAT): A firm's details are as under: Read the question carefuly and choose the correct answer for the given options If total assets remain at the same level, but sales decrease by 20 percent, what will be the earnings per share at the new sales level? OPTIONS 1 0.845 0.5 1.6
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