Question

Question1 .Working Capital 54,80,000; Total Debt 16,00,000; Long Term Debt
210,00,000; Inventory 53,40,000; Prepaid Insurance 520,000. Calculate liquid ratio,

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Answer 1

Answer:

Cost of Goods Sold = Opening Stock + Purchases + Carriage Inwards − Closing Stock

= 20,000 + 50,000 + 5,000 − 10,000 = 65,000