If the firms earns a higher rate of return on its investments than the required rate of return (r>k) it is called

If the firm is r>k means the earnings must be

Pay-out ratio denotes that

. Difference between inflow and outflow of funds is known as ___________

________ refers to the amount of funds invested in various components of current assets. It consists of raw materials, work in progress, debtors, finished goods, etc.

. The difference between current assets and current liabilities of the business concern is termed as ____________

_____ approach is based upon certain unrealistic assumptions such a perfect market, or the expected earnings of all the firms have identical risk etc.,

In_____ approach the debt-equity mix is irrelevant in determination of cost of capital and the value of a firm.

_____ approach prove that the cost of capital is not affected by changes in the capital structure

The required rate of return for an investment project should

The overall cost of capital is used as the minimum acceptable return on