Accountancy, asked by disha477979, 1 month ago

Q. 12. Calculate Current Ratio and Liquid Ratio from the following: Cash and Cash Equivalents Rs.40,000 Trade Receivables Rs.2,70,000 Inventories (Includes Loose Tools 30,000) Rs.1,80,000 Prepaid Expenses Working Capital Rs. 2,80,000.

Answers

Answered by ss7249293

3

Answer:

Current Assets = 2.6:1

Liquid Ratio = 1.55 :1

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