Accountancy, asked by Avocadoooooos, 1 month ago

From the following information calculate the current ratio and debt to equity ratio —
share capital 250000
account payable 45000
12% debentures 280000
long term loan 110000
bills payable 15000
account receivable 60000
bank balance 30000
general reserve 25000

step by step explanation plz

Answers

Answered by Ikaaskhan

0

CR

CA = 60000+30000

90,000

CL = 45000+ 15000

= 60,000

CR = 90k/60k

1.5

Debt to equity ratio

debt/equity

debt= 280k+110k

= 3,90,000

equity = 2,50,000

a.t.q

= 390k/250k

1.56

hope this will help you

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