Accountancy, asked by kunaalojha, 22 days ago

Some data of financial of a company are as follows:- (Rs.) Fixed Assets 10,000 Stock 3,000 Debtors 2,000 Cash 4,000 Prepaid Expense 1,000 Creditors 3,000 Reserve 1,000 Calculate the current ratio and liquid ratio.​

Answers

Answered by shalu6133
1

Answer:

Commerce Accountancy are prepared by experts and are 100% accurate.

Page No 4.100:

Question 70:

Calculate Inventory Turnover Ratio from the data given Below:

₹ ₹

Inventory in the beginning of the year 20,000 Carriage Inwards 5,000

Inventory at the end of the year 10,000 Revenue from Operations, i.e., Sales 1,00,000

Purchases 50,000

State the significance of this ratio.

ANSWER:

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

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

Explanation:

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