Share Capital –Rs.500000, 5%Debentures-Rs.200000, Bank loan-Rs.150000, Current Liabilities: Creditors-Rs.75000, Bills Payble-Rs.50000, Bills outstanding-Rs.5000. ASSETS: Land and Building-Rs.350000, Plant & Machinery250000, Current Assets: Cash in Hand-Rs.25000, Cash at Bank-Rs.55000, Sundry Debtors85000, Bills Receivables-105000, Stock-100000, Prepaid Exp-Rs.10000. Based on the above information Calculate- i. CURRENT RATIO ii. ACID TEST RATIO
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