If Current liabilities Rs . 4 0 , 0 0 0 ; Current assets Rs . 1

Fantastic news! We've Found the answer you've been seeking!

Question:

If Current liabilities Rs

. 40, 000

; Current assets Rs

. 1, 00, 000

; Inventory Rs

. 20, 000 .

Find the Quick ratio

? ?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation

ISBN: 978-0324302950

6th edition

Authors: Clyde P. Stickney

See More Books

Posted Date: May 09, 2024 06:57 AM

See More Questions

Throughout your career, especially as a manager, you will have to understand and work in a variety of structural configurations. Changing times may force you to participate or lead a reorganization...
Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...
Danone will make a euro 95 million acquisition in Ethiopia, paid in three equal instalments of Ethiopian Birr in 6,12 and 24 months. The spot rate for Birr is 47.9 and one year and two year forward...
The NAFTA agreement has had a major impact on accounting and financial reporting by Mexican companies. Required: Discuss the nature of the impact referred to in the preceding statement.
In Section 6.10 we compared the noise performances of coherent binary PSK, coherent binary FSK, QPSK, MSK, DPSK, and non-coherent FSK by using the bit error rare as the basis of comparison. In this...
Apex Electrical Supply, Inc., purchased inventory for $$2,000$ and also paid $$125$ freight to have the inventory delivered. Apex Electrical Supply, Inc., returned $$500$ of the goods to the...
Par Corporation acquired its 90 percent interest in Sam Corporation at its book value of $3,600,000 on January 1, 2011, when Sam had capital stock of $3,000,000 and retained earnings of $1,000,000....
Nancy is working on her company's variance analysis at year-end. She has everything completed except the fixed-MOH variances. Budgeted fixed-MOH costs were $159,600 for the planned 11,400 units to be...
Regarding adults that refuse to get vaccinated. Vaccine hesitancy refers to the refusal by an individual or group to seek available communicable disease vaccines. This hesitancy can be the result of...
On January 2, 2020, Sage Corporation issued $1,950,000 of 10% bonds at 98 due December 31, 2029. Interest on the bonds is payable annually each December 31. The discount on the bonds is also being...
Simplify the expression. 5-243 -243
Consider the below circuit. a. Determine the time constant. b. Sketch the voltage across the inductor, voltage across the resistor, and current through the loop c. Find time varying expressions for...
Paul Down and Eileen Dover are married. Paul Down is 67 years old, while Eileen Dover is 66 years old. Paul Down is blind, but Eileen Dover is not. They properly claim Paul Down's father--who is 88--...
The Devon Motor Company produces automobiles. On April 1st the company had no beginning inventories and it purchased 6,290 batteries at a cost of $95 per battery. It withdrew 5,800 batteries from the...
At the beginning of last year. Brentwood Corporation purchased a piece of heavy equipment for $88,000. The equipment has a life of five years or 100.000 hours. The estimated residual value is $8,000...

If Current liabilities Rs . 4 0 , 0 0 0 ; Current assets Rs . 1

Question:

Expert Answer:

The quick ratio also known as the acidtest ratio is calculated to assess a companys ability t... View the full answer

Financial Reporting Financial Statement Analysis and Valuation

Students also viewed these accounting questions