000 Non current assets Current Assets2BankDebtorsBills receivablesStock8,000 Sundry creditors10,000 Bills payable64,000 Outstanding expenses32,000 Provision for tax1,00,000 Provision for doubtful deas8,0002,22,00032,002xPrepaid expenses1,892,800Calculate Current Ratio and Quick Ratio from the following information:

000 Non current assets Current Assets2BankDebtorsBills receivablesSt

1.	000 Non current assets Current Assets2BankDebtorsBills receivablesStock8,000 Sundry creditors10,000 Bills payable64,000 Outstanding expenses32,000 Provision for tax1,00,000 Provision for doubtful deas8,0002,22,00032,002xPrepaid expenses1,892,800Calculate Current Ratio and Quick Ratio from the following information:
Answer» tion:Current assets are all the assets of a COMPANY that are expected to be sold or used as a result of STANDARD BUSINESS OPERATIONS over the next year. Current assets include cash, cash equivalents, ACCOUNTS receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.

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