Question

36. From the following information, calculate Current Ratio, Quick Ratio and Absolute Liquid Ratio : C.A. (Cash = 40,000, Debtors 7 9,00,000/ Bills Receivable 3 1,00,000; Stock (Raw Material) * 2,00,000; Semi Manufactured Goods * 7,00,000; Finished Goods 36,00,000; Prepaid Expenses 50,000; Land and Building 25,00,000; Patents * 1,80,000; Tools > 2,60,000; Goodwill * 1,00,000,Billş Payable 31,50,000; Bank Overdraft 3 5,50,000; Creditors 37,00,000; 10% Debentures * 8,00,000.
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Answer 1

Answer:

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