Calculate current ratio from the following information: $ $ Stock 50,000 Cash 30,000 Debtors 40,000 Creditors 60,000 Bills Receivable 10,000 Bills Payable 40,000 Advance Tax 4,000 Bank Overdraft 4,000

Calculate current ratio from the following information: $ $ Stock 50,000 Cash 30,000 Debtors 40,000 Creditors 60,000 Bills Receivable 10,000 Bills Payable 40,000 Advance Tax 4,000 Bank Overdraft 4,000

Name: Calculate current ratio from the following information:$ $Stock 50,000
Uploaded: 2022-11-18T00:26:54.000Z
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Description: Calculate current ratio from the following information:$ $Stock 50,000 Cash 30,000Debtors 40,000 Creditors 60,000Bills Receivable 10,000 Bills Payable 40,000Advance Tax 4,000 Bank Overdraft 4,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculate current ratio from the following information:

$ $

Stock 50,000 Cash 30,000

Debtors 40,000 Creditors 60,000

Bills Receivable 10,000 Bills Payable 40,000

Advance Tax 4,000 Bank Overdraft 4,000

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