considered by an investor while taking The Balance Sheet of Ashoka Company Ltd. is as under. As a Finance Manager comment upon the financial position of a concem by calculating: (1) Current Ratio (2) Stock Turnover Ratio (3) Liquid Ratio (4) Absolute Liquid Ratio 2011

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Pls do with proper explanation I'm new to this how to find current assets and current liabilities and all pls I'm very confused how to figure out I'll like but pls stepwise
Distinguish between Investment and
considered by an investor while taking investment decision.
The Balance Sheet of Ashoka Company Ltd. is as under. As a Finance Manager comment upon the
financial position of a concerm by calculating:
(1) Current Ratio (2) Stock Turnover Ratio (3) Liquid Ratio (4) Absolute Liquid Ratio
Liabilities
2020
2021
Assets
2020
2021
Equity share capital
General Reserve
Profit & Loss A/c
JCreditors
Bills payable
Outstanding Expense
Provident Fund
1,00,000
12,500
10,000
5,000
3,750
1,250
7,500
1,25,000 Land and Buildings
15,000 Plant Machinery
7,500 Stock
6,250 Debtors
7,500 Cash & Bank
3,750 Bills Receivable
5,000 Preliminary Expenses
50,000
57,500
10,000
7,500
5,000
2,500
7,500
75,000
55,000
12,500
10,000
7,500
5,000
5,000
1,40,000
1,70,000
1,40,000
1,70,000
COGS=40,000
Transcribed Image Text:Distinguish between Investment and considered by an investor while taking investment decision. The Balance Sheet of Ashoka Company Ltd. is as under. As a Finance Manager comment upon the financial position of a concerm by calculating: (1) Current Ratio (2) Stock Turnover Ratio (3) Liquid Ratio (4) Absolute Liquid Ratio Liabilities 2020 2021 Assets 2020 2021 Equity share capital General Reserve Profit & Loss A/c JCreditors Bills payable Outstanding Expense Provident Fund 1,00,000 12,500 10,000 5,000 3,750 1,250 7,500 1,25,000 Land and Buildings 15,000 Plant Machinery 7,500 Stock 6,250 Debtors 7,500 Cash & Bank 3,750 Bills Receivable 5,000 Preliminary Expenses 50,000 57,500 10,000 7,500 5,000 2,500 7,500 75,000 55,000 12,500 10,000 7,500 5,000 5,000 1,40,000 1,70,000 1,40,000 1,70,000 COGS=40,000
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