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Read the following and answer the questions give below:Answer the following:1. Current ratio for the year ending 31 March 2020 and 31 March 2021. i) 2.25 : 1 and 2.50 : 1 ii) 2.25 : 1 and 2.25 : 1 iii) 2.50 : 1 and 2.25 : 1 iv) 2.50 : 1 and 2.50 : 12. When current ratio 1 : 1, which of the following will improve the ratio? i) Sales of goods for ₹ 25,000 (cost ₹ 20,000) ii) Bill payable discharged ₹ 1000. iii) Purchased goods for cash ₹ 3500 iv) Cash paid to creditors ₹ 5003. Find propriety ratio for the year ending 31 March 2020 & 31 March 2021 i) 0.53 : 1 and 0.50 : 1 ii) 0.50 : 1 and 0.53 : 1 iii) 0.55 ; 1 and 0.50 : 1 iv) 0.50 : 1 and 0.50 : 14. Which year has higher quick ratio? i) 2020ii) 2021 iii) Both are equal (neither) iv) Neither 2020 nor 2021 |
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Answer» 1. iii) 2.50 : 1 and 2.25 : 1 2. i) Sales of goods for ₹ 25,000 (cost ₹ 20,000) 3. i) 0.53 : 1 and 0.50 : 1 4. i) 2020 |
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