Chemical Engineering Plant Economics (MCQs)

Pick out the wrong statement.

  • A. Gross revenue is that total amount of capital received as a result of the sale of goods or service
  • B. Net revenue is the total profit remaining after deducting all costs excluding taxes
  • C. The ratio of immediately available cash to the total current liabilities is known as the cash ratio
  • D. Consolidated income statement based on a given time period indicates surplus capital and shows the relationship among total income, costs & profit over the time interval
Answer: Option B.

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