Question

The following balances are extracted from the books of Riya Products Ltd. as on 31st March, 2020: -

Rs.

Share capital 2,40,000

Reserves & surplus (including current year’s profit) 1,40,000

15% Mortgage Loan 1,60,000

Trade Payables 1,20,000

Bank Overdraft 60,000

Tangible Fixed assets 4,20,000

Intangible Fixed assets 50,000

Inventory 90,000

Cash & cash Equivalent 1,20,000

Short term Investments 40,000

Net Profit payment of interest and income tax amounted to Rs.60,000. Rate of Income Tax 50%.

Calculate the following ratios and give your comments: -

i) Current ratio​

Answer 1

Answer:

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