1.

The following balances are extracted from the books of Riya Products Ltd. as on 31st March, 2020: - Rs.Share capital 2,40,000Reserves & surplus (including current year’s profit) 1,40,00015% Mortgage Loan 1,60,000Trade Payables 1,20,000Bank Overdraft 60,000Tangible Fixed assets 4,20,000Intangible Fixed assets 50,000Inventory 90,000Cash & cash Equivalent 1,20,000Short term Investments 40,000Net Profit payment of interest and income tax amounted to Rs.60,000. Rate of Income Tax 50%. Calculate the following ratios and give your comments: - i) Current ratio​

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