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InterviewSolution
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With every passing year, cement companies are generating more profits per rupee of sale. This is occurring due to improved efficiencies of working. ICL follows this trend in 2001-02 and increases its profit before tax per rupee of sale by 10% over the previous year. Part of the reason for this profit figure is that its fixed expenses dropped to 10% of the sales value in 2001-02. But there is also some simultaneous change in the variable expenses. Identify the change. |
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Answer» With every passing year, cement companies are generating more profits per rupee of sale. This is occurring due to improved efficiencies of working. ICL follows this trend in 2001-02 and increases its profit before tax per rupee of sale by 10% over the previous year. Part of the reason for this profit figure is that its fixed expenses dropped to 10% of the sales value in 2001-02. But there is also some simultaneous change in the variable expenses. Identify the change. |
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