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Let the speed of the boat in still water and the speed of the current be ‘x’ km/hr and ‘y’ km/hr, respectively According to the question, (x – y) = 57/9.5 = 6….. (1) And, 2x – y = 60/2 = 30…. (2) On solving equation (1) and (2), we get Speed of the current = y = 18 km/hr
What will be the impact on Return on Equity (RoE) if cash is paid to the creditors?
Akash Ltd sells 3 products X, Y and Z. The following information was available at the year end :