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Business Finance
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Statement-I: Working capital leverage measures the responsiveness of return on equity for changes in current assets.
Statement-II: When the annual demand for an item is 3,200 units, the unit cost is Rs. 6, inventory carrying charges is 25% p.a., and the cost of one procurementis Rs. 50, the economic ordering quantity would be 700 units.

Answer & Solution
Correct Answer: Option B
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