3. Calculate current ratio and Liquid ratio from the following: Share capital Fixed Assets 5% Debentures Debtors General reserve RO 152,000 RO 113,000 RO 24,000 RO 18,000 RO 8,000 Cash in hand and at Bank Creditors Bill Payables Stock Profit and Loss A/c RO 30,000 RO 20,000 RO 4,000 RO 52,000 RO 5,000
3. Calculate current ratio and Liquid ratio from the following: Share capital Fixed Assets 5% Debentures Debtors General reserve RO 152,000 RO 113,000 RO 24,000 RO 18,000 RO 8,000 Cash in hand and at Bank Creditors Bill Payables Stock Profit and Loss A/c RO 30,000 RO 20,000 RO 4,000 RO 52,000 RO 5,000
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1SEB
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![3. Calculate current ratio and Liquid ratio from the following:
RO 152,000
RO 113,000
RO 24,000
RO 18,000
RO 8,000
Share capital
Fixed Assets
5% Debentures
Debtors
General reserve
Cash in hand and at Bank
Creditors
Bill Payables
Stock
RO 30,000
RO 20,000
RO 4,000
RO 52,000
RO 5,000
Profit and Loss A/c](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5a61dd62-5213-47c7-ba00-5d146af6f3db%2Fdd9c6c61-4eeb-41ea-9a8b-f14c4065bfba%2Frzotu4m_processed.png&w=3840&q=75)
Transcribed Image Text:3. Calculate current ratio and Liquid ratio from the following:
RO 152,000
RO 113,000
RO 24,000
RO 18,000
RO 8,000
Share capital
Fixed Assets
5% Debentures
Debtors
General reserve
Cash in hand and at Bank
Creditors
Bill Payables
Stock
RO 30,000
RO 20,000
RO 4,000
RO 52,000
RO 5,000
Profit and Loss A/c
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