From the following compute (a) Current Ratio (b) Quick Ratio S.No. Items Amount S.No. Items Amount 1 Current Investments 1,60,000 7 Short-Term Provisions 13,000 2 Inventories 15,000 8 Other Current Liabilities 25,000 3 Trade Receivables 12,000 Short-term Loans & Advances 44,000 4 Short-term Borrowings 40,000 10 Tangible Fixed Assets 11,00,000 Trade Payables 12,500 11 Cash & Cash Equivalents 20,000 Prepaid Expenses 11,000 12 Advance Tax 16,000

From the following compute (a) Current Ratio (b) Quick Ratio S.No. Items Amount S.No. Items Amount 1 Current Investments 1,60,000 7 Short-Term Provisions 13,000 2 Inventories 15,000 8 Other Current Liabilities 25,000 3 Trade Receivables 12,000 Short-term Loans & Advances 44,000 4 Short-term Borrowings 40,000 10 Tangible Fixed Assets 11,00,000 Trade Payables 12,500 11 Cash & Cash Equivalents 20,000 Prepaid Expenses 11,000 12 Advance Tax 16,000

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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Ex.18.