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Profit for the objective of calculating a ratio may be taken as

A. Profit before tax but after interest

B. Profit before interest and tax

C. Profit after interest and tax

D. All of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above