Question

Case Based Questions Read the following hypothetical extract of Aggarwal Lir questions on the basis of the same : Year 2020 Amount (In Rs) Outstanding Expenses 25,000 1.50,000 Prepaid Expenses Trade Payables 9.00.000 6,00.000 Inventory Trade Receivables 5.50.000 8.50.000 Cash in Hand 12.00.000 Revenue from Operations 1296 Gross Profit Ratio Based on the above information you are required to an 5. Current ratio for the year 2020 will be: A. 2:1 B. 1.8:1 C. 2.32:1 D. 24:1 ​

Answer 1

Answer:

Case Based Questions Read the following hypothetical extract of Aggarwal Lir questions on the basis of the same : Year 2020 Amount (In Rs) Outstanding Expenses 25,000 1.50,000 Prepaid Expenses Trade Payables 9.00.000 6,00.000 Inventory Trade Receivables 5.50.000 8.50.000 Cash in Hand 12.00.000 Revenue from Operations 1296 Gross Profit Ratio Based on the above information you are required to an 5. Current ratio for the year 2020 will be: A. 2:1 B. 1.8:1 C. 2.32:1 D. 24:1

Answer 2

Answer:

Explanation:

1

(c) 2.32:1

2

(b) 1.75:1

3

(d) 1.92 times

4

(a) ₹21,12,000