Following is the balance sheet of a company as on 31st December 2018 on the basis of which you are required is calculated the current ratio
Balance sheet (as on 31st December, 2018)
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Explanation:
Current ratio 2.5
Liquidity ratio 1.5
Net Working Capital Rs. 300,000
Stock Turnover Ratio 6 times
Ratio of Gross Profit on Sales 20%
Turnover to Fixed assets (net) 2 times
Average debt collection period 2 months
Fixed Assets to net worth 0.8
Reserve and Surplus to
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