Question : Which of the following statements is not correct?
Option 1: Net Profit before Interest and Tax = Net Profit before Tax + Interest on Long-term Borrowings
Option 2: Current Liabilities = Total Debt - Non-current Liabilities
Option 3: Capital Employed = Net Fixed Assets + Trade Investments - Working Capital
Option 4: Accumulated Depreciation is already adjusted in Net Fixed Assets.
Correct Answer: Capital Employed = Net Fixed Assets + Trade Investments - Working Capital
Solution : Answer = Capital Employed = Net Fixed Assets + Trade Investments - Working Capital
Capital Employed = Net Fixed Assets + Trade Investment + Net Working Capital.
Hence, the correct option is 3.