LLP Regulations Quiz
10 Questions
0 Views
3.5 Stars

LLP Regulations Quiz

Created by
@ConfidentNourishment7751

Questions and Answers

What is the formula for calculating the Cash Flow to Debt Ratio?

(Net Income + Depreciation) ÷ Total Debt

According to the Limited Liability Partnership Act, 2008, can any Individual or Body Corporate be a partner in a LLP?

Yes, any Individual or Body Corporate

What is the Debt Equity Ratio used for?

Measuring Financial Leverage

When should a designated partner be appointed in a limited liability partnership (LLP)?

<p>Within thirty days of vacancy arising</p> Signup and view all the answers

What does the Quick Ratio measure?

<p>Liquidity and ability to meet short-term obligations</p> Signup and view all the answers

In relation to financial statements, what does the Assets Turnover Ratio indicate?

<p>Efficiency of asset utilization in generating sales</p> Signup and view all the answers

What does the P/E Ratio represent in financial analysis?

<p>$\frac{Share\ Price}{Earning\ Per\ Share}$</p> Signup and view all the answers

'Save as otherwise provided', which act is exempted from applying to a Limited Liability Partnership?

<p>Indian Partnership Act, 1932</p> Signup and view all the answers

'Return on Equity Ratio' is calculated by dividing which two financial components?

<p>$\frac{Net\ Income}{Shareholder’s\ Capital}$</p> Signup and view all the answers

'Gross Margin Ratio' is calculated by dividing which two financial components?

<p>$\frac{Sales – Cost of Goods Sold}{Total Sales}$</p> Signup and view all the answers

Use Quizgecko on...
Browser
Browser