18. Quick Assets * 1,50,000; Inventory (Stock) * 40,000; Prepaid Expenses 10,000; Working Capital 1,20,000.
Calculate Current Ratio.
Answers
Answered by
7
Answer:
2.5 times
Explanation:
current asset=1,50,000+40,000+10,000=2,00,000
current liabilities=current asset-working capital
=2,00,000-1,20,000=80,000
current ratio=CA/CL=2,00,000/80,000=2.5times
Answered by
4
Answer:
2.5 : 1
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