Question

2. Quick Ratio of Z ld. is 1:1. State with reason, which of the following transactions would be
Decrease or Not change the ratio.
al included in the trade payables was bill payable of 3.000 which was met on matuty.
ibi Debentures of 50,000 were converted into equity shares​

Answer 1

Answer:

2nd transaction will not impacted Quick ratio

Explanation:

As debenture does not have any connection with quick ratio

Ratio=Cash+Cash Equivalents +

Current Receivables+Short-Term Investments /current liabilities.

​  

Answer 2

Answer:

a) no change

b) increase

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