CBSE BOARD XII, asked by himanshu46992, 1 year ago

the current assets of Monarch company are 29745 and the current ratio is 1.5 the inventory is stood at 8827 calculate the liquid ratio and comment on the liquidity position of the company

Answers

Answered by attractiveadars

6

Current ratio = 1.5:1

Means 29745:19830

If inventory 8827

Liquid assets= 29745-8827= 20198

Liquid ratio = 20198:19830= 1.05:1

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