Following are the Current Assets and Current Liabilities of PQR Ltd.
Current Assets
Cash 2,400; Accounts Receivable 12,000; Stock * 16,000; Prepaid Expense
* 600.
Current Liabilities
Accounts Payable * 11,600; Bills Payable 600; Creditors *1,800.
Calculate Quick Ratio.
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quick ratio=current asset/current liability
=current asset =2400+12000+16000+600
=31000
=current liability=11600+600+1800
=14000
=31000/14000
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