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Equity and Liabilities OMR Assets OMR Equity Share Capital Capital Reserve 8% Loan on Mortgage Creditors Bank overdraft 40,000 Plant and Machinery 8,000 Land and Buildings 32,000 Furniture & Fixtures 16,000 Stock 12,000 Debtors Investments (Short-term) Cash in hand 24,000 40,000 16,000 12,000 12,000 4,000 12,000 12,000 1,20,000 Profit and Loss A/c 1,20,000

Equity and Liabilities OMR Assets OMR Equity Share Capital Capital Reserve 8% Loan on Mortgage Creditors Bank overdraft 40,000 Plant and Machinery 8,000 Land and Buildings 32,000 Furniture & Fixtures 16,000 Stock 12,000 Debtors Investments (Short-term) Cash in hand 24,000 40,000 16,000 12,000 12,000 4,000 12,000 12,000 1,20,000 Profit and Loss A/c 1,20,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Athif trading company is a popular distributor in Salala, having operations in the entire Oman. Over these years, the company has gained a very good public opinion and quiet a big number of loyal customers. During the last year, the company has faced a serious liquidity crisis. The management of the company wants to check the liquidity ratios of the last year in order to plan for the current year. You are asked to help the management in computing the liquidity ratios.

The Balance Sheet of Athif trading company for the year ending 31-12-2020

Choose the Current ratio and Quick ratio from the following

 

Equity and Liabilities OMR Assets OMR Equity Share Capital Capital Reserve 8% Loan on Mortgage 40,000 Plant and Machinery 8,000 Land and Buildings 32,000 Furniture & Fixtures 16,000 Stock 12,000 Debtors Investments (Short-term) Cash in hand 24,000 40,000 16,000 12,000 12,000 4,000 12,000 Creditors Bank overdraft 12,000 1,20,000| Profit and Loss A/c 1,20,000
Transcribed Image Text:Equity and Liabilities OMR Assets OMR Equity Share Capital Capital Reserve 8% Loan on Mortgage 40,000 Plant and Machinery 8,000 Land and Buildings 32,000 Furniture & Fixtures 16,000 Stock 12,000 Debtors Investments (Short-term) Cash in hand 24,000 40,000 16,000 12,000 12,000 4,000 12,000 Creditors Bank overdraft 12,000 1,20,000| Profit and Loss A/c 1,20,000
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