Which of the following statements are true? A. P/V Ratio can never be used to measure break-even point B. Higher the P/V ratio less will be the profit and vice versa C. Concept of P/V ratio is also used to determine profit at a given volume of sales D. All of the above

Which of the following statements are true?
A. P/V Ratio can never be used to measure break-even point
B. Higher the P/V ratio less will be the profit and vice versa
C. Concept of P/V ratio is also used to determine profit at a given volume of sales D. All of the above
by

1 Answer

Answer :

C. Concept of P/V ratio is also used to determine profit at a given volume of sales
by

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