Accountancy, asked by db1702, 4 months ago

Total assets ₹1,10,000, Fixed assets ₹50,000, Capital employed ₹1,00,000. There were no long term investments. Calculate the Current ratio.

Answers

Answered by lishanthi2004

2

ANSWER:

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

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

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