5225 (a) "A basic rationale for the objective of maximizing the wealth position of the stockholders as primary business goal that such an objective may reflect the optimal use of society's economic resources and thus lead to maximization of society's economic wealth." Briefly evaluate this observation [2 Marks] (b) Determine the sales (Le revenues from operations) of a firm given the following information: [2 Marks) Current ratio = 2.4 Acid test ratio 2.2 Current liabilities=3200 Inventory turnover ratio = 16 times (c) Bharat Electronics has sales of Rs. 3 crores, asset turnover ratio of 6 for the year and the net profit of Rs6 lakh What is company's (1) sects watin and (minet profit margintatio? 13 Marks]