(i) Liquidity Ratios measure ____________ solvency of the enterprise.(ii) ___________ and stores and spares are not considered in computing Current Ratio.(iii) Debit balance in Surplus , i.e., Balance in spares are notconsidered in computing Current Ration.(iv)It is an objective of _________ ratio is to measure proportion of fixed assets financed by the Shareholders' Funds.(v) ___________ establishes the number of timed amount invested in trade receivables is turned over ina year in relation to Revenue from Operations.(vi)The formula for Working Capital Turnover ratio is __________.(vii) Complete the formula for Inventory Turnover Ratio:Cost of Revenue from Operations/ ___________.(viii) Gross Profit + Other Imcome- ____________ = Net Profit.(ix)_____________ and Operating Profit Ratio are complimentary to each other.(x)Trade Payable is the sum total of Creditoes and __________.

(i) Liquidity Ratios measure ____________ solvency of the enterprise.(

1.	(i) Liquidity Ratios measure ____________ solvency of the enterprise.(ii) ___________ and stores and spares are not considered in computing Current Ratio.(iii) Debit balance in Surplus , i.e., Balance in spares are notconsidered in computing Current Ration.(iv)It is an objective of _________ ratio is to measure proportion of fixed assets financed by the Shareholders' Funds.(v) ___________ establishes the number of timed amount invested in trade receivables is turned over ina year in relation to Revenue from Operations.(vi)The formula for Working Capital Turnover ratio is __________.(vii) Complete the formula for Inventory Turnover Ratio:Cost of Revenue from Operations/ ___________.(viii) Gross Profit + Other Imcome- ____________ = Net Profit.(ix)_____________ and Operating Profit Ratio are complimentary to each other.(x)Trade Payable is the sum total of Creditoes and __________.
Answer» Solution :(i) Short -term; (ii) Loose tools; (iii) Shareholders; Funds; (iv) PROPRIETARY; (v) Trade Receivables Turnover Ratio ; (VI) Revenue fromOperation/ WORKING CAPITAL; (VII)Average Inventory ; (viii) Indirect Expenses; (ix) Operating Ratio ; (x) Bills Payables.

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