Super quick ratio at the end of the year is 0.25x. Revenues are INR 120 Cr and the Gross Profit Margin of the Company is 25%. Assuming that Opening Stock = Closing Stock and Accounts Payable Turnover Ratio is 6x, please calculate the cash balance. Please note that Opening Accounts Payable = 1.25 times Closing Accounts Payable and there are no other liabilities in the balance sheet [Hint: Super Quick Ratio assumes only Cash in the Numerator]

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Super quick ratio at the end of the year is 0.25x. Revenues are INR 120 Cr and the Gross Profit Margin of the Company is 25%. Assuming that Opening Stock = Closing Stock and Accounts Payable Turnover Ratio is 6x, please calculate the cash balance. Please note that Opening Accounts Payable = 1.25 times Closing Accounts Payable and there are no other liabilities in the balance sheet [Hint: Super Quick Ratio assumes only Cash in the Numerator]

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