Find the CA Inter FM Super 50 Questions attached in Answer Section.

In module they have given the formula for NET WORKING CAPITAL =CURRENT ASSETS-CURRENT LIABILITIES   (Where current LIABILITIES does not include short term bank borrowing)….why CURRENT LIABILITIES does not include short term bank borrowing

explain p/e ratio  

Is there a difference between operating expenses ratio and operating ratio because in ICAI module they have given different formulae for both of the above

For calculating RETURN ON CAPITAL EMPLOYED sanjay sir told us 3 formulae I.e  1. EBIT×100÷capital employed 2. EBIT(1-T)×100÷Capital employed 3. PAT×100÷ CAPITAL EMPLOYED And someone in the lecture suggested the 4th formula I.e (PAT+Interest)×100÷CAP EMPLOYED And sir told this is the most correct formula but ...

in this question why closing stock of finished goods in not shown in trading account? raw material consumed mei ...