Saved Bookmarks
| 1. |
Atio.11. Calculate Liquid Ratio from the following:Current LiabilitiesCurrent Assets00)InventoryPrepaid ExpensesTrade Receivables₹1,50,0002,40,00075,00015,00090,000 |
|
Answer» Answer: CURRENT RATIO = Current ASSET / Current liabilities = 80000/50000 = 1.6 Quick ratio = Quick assets / Current liabilities = 60000/ 50000 = 1.2 Current Assets = Trade receivables + Cash in HAND + Cash at Bank + Inventories + Advance Tax = 30000 + 10000 + 10000 + 20000 + 1000 = 80000 Quick Assets = Current Assets - Inventories = 80000-20000 = 60000 Current Liabilities = 50000. |
|