A Company's Liquid Assets are 32,00,000, Inventory is 31,00,000, Prepaid Expenses are 320,000 and Working Capital is 32,40,000. Its Current Ratio will be:
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Explanation:
Current Assets = Trade Receivables + Pre-paid Expenses + Cash and Cash Equivalents +
Marketable Securities + Inventories
= Rs 1,80,000 + Rs 40,000 + Rs 50,000 + 50,000 + 80,000 = Rs 4,00,000
Current Liabilities = Bills Payable + Sundry Creditors + Expenses Payable
= Rs 20,000 + Rs 1,00,000 + Rs 80,000 = Rs 2,00,000
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