Calculate current ratio and stock 8000.Bill 15000 Bill's payable 60000 cash in hands 5000 salary creditors 50000 prepaid expenses 20000 outstanding expenses 25000
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Answer:
0.35:1
Explanation:
CR=CA/CL
CA= 8,000+15,000+5,000+20,000
= 48,000
CL= 60,000+50,000+25,000
= 1,35,000
CR= 48,000/1,35,000
= 0.35:1
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