Haleem 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 in the last year. 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 Haleem trading company for the year ending 31-12-2020 Choose the Current ratio and Quick ratio from the following? a. Current ratio is 2.43 and Quick ratio is 1.35 b. Current ratio is 1.35 and Quick ratio is 2.40 c. Current ratio is 1.35 and Quick ratio is 2 d. Current ratio is 2 and Quick ratio is 1.35
Haleem 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 in the last year. 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 Haleem trading company for the year ending 31-12-2020 Choose the Current ratio and Quick ratio from the following? a. Current ratio is 2.43 and Quick ratio is 1.35 b. Current ratio is 1.35 and Quick ratio is 2.40 c. Current ratio is 1.35 and Quick ratio is 2 d. Current ratio is 2 and Quick ratio is 1.35
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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Haleem 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 in the last year. 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 Haleem trading company for the year ending 31-12-2020
Choose the Current ratio and Quick ratio from the following?
a.
Current ratio is 2.43 and Quick ratio is 1.35
b.
Current ratio is 1.35 and Quick ratio is 2.40
c.
Current ratio is 1.35 and Quick ratio is 2
d.
Current ratio is 2 and Quick ratio is 1.35
Transcribed Image Text:Equity and Liabilities
Equity Share Capital
Capital Reserve
8% Loan on Mortgage
OMR
Assets
OMR
40,000 Plant and Machinery
8,000 Land and Buildings
32,000 Fumiture & Fixtures
16,000 Stock
18,000 Debtors
Investments (Short-term)
Cash in hand
24,000
40,000
16,000
14,000
14,000
4,000
Creditors
Bank overdraft
14,000
Profit and Loss A/c
12,000
1,26,000|
|1,26,000
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