find current ratio if current assets are 10000 and current liabilities are 5000
Answers
Answered by
1
Answer:
Current ratio = Current asset / Current liabilities
= 80000/50000 = 1.6
Quick ratio = Quick assets / Current liabilities
= 60000/ 50000 = 1.2
Current Assets = Trade receivables + Cash in hand + Cash at Bank + Inventories + Advance Tax
= 30000 + 10000 + 10000 + 20000 + 1000 = 80000
Quick Assets = Current Assets - Inventories = 80000-20000 = 60000
Current Liabilities = 50000.
mark me. brainiest
Similar questions