Pick out the wrong statement.
(A) Net worth means paid up share capital and reserve & surplus (i.e. shareholders equity)
(B) Return on equity = profit after tax/net worth
(C) Working capital turnover ratio = sales/net working capital (D) Total cost of production is more than net sales realisation (NSR) at breakeven point
(A) Net worth means paid up share capital and reserve & surplus (i.e. shareholders equity)
(B) Return on equity = profit after tax/net worth
(C) Working capital turnover ratio = sales/net working capital (D) Total cost of production is more than net sales realisation (NSR) at breakeven point