Q2. Financial information of Midhat Industries is as follows: EBIT Rs. 4,000,000 Current liabilities Interest...
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Q2. Financial information of Midhat Industries is as follows: EBIT Rs. 4,000,000 Current liabilities Interest expense Rs. 600,000 Long-term debt Income tax Rs. 1,200.000 Preferred stock (Marks 20) Rs. $2,300,000 Rs. 6,200,000 Rs. 100.000 Preferred Dividend RS. 250,000 Common equity Rs. 9,000,000 Required: 1. Return on assets (using end-of-year total assets) 2. Return on investment (using end-of-year long-term liabilities and equity) 3. Return on total equity (using ending total equity) 4. Return on common equity (using ending common equity)
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