Accountancy, asked by Nishchitnish5513, 1 month ago

A company's Inventory turnover ratio is 5 times; Inventory at the end is Rs. 20000 more than that of the beginning, sales (all credit) are Rs. 400000; Rate of gross profit on cost is 25% Current liabilities Rs. 120000; Acid test ratio 0.75 times. Calculate current assets.

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Answered by narendrachaya

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