Current ratio of Himanshu Ltd. is 1.5: 1. State whether repavment of current liabilities will increase, decrease or not change the ratio.
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Current ratio = 2:1. State and give reason which of the following would improve, reduce or does not change the ratio (a) Repayment of current liabilities (b) Purchasing goods on credit (c) Sale of office equipment for Rs. 4000 (book value Rs. 5000) (d) Sale of goods Rs. 11,000 (cost Rs. 10,000) (e) Payment of dividendRead more on Sarthaks.com - https://www.sarthaks.com/896965/current-ratio-state-reason-which-following-would-improve-reduce-change-ratio-repayment
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