You are given the following information: Particulars Cash in Hand Cash at Bank Sundry Debtors Stock...

 

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You are given the following information: Particulars Cash in Hand Cash at Bank Sundry Debtors Stock Bills Payable Bills Receivable Sundry Creditors Outstanding Expenses Prepaid Expenses Dividend Payable Land & Building Goodwill Share Capital Calculate: i. Current Ratio ii. Amount (Rs) 10,000 15,000 75,000 60,000 25,000 30,000 40,000 20,000 10,000 15,000 2,00,000 50,000 4,00,000 Acid Test Ratio iii. ETEN Absolute Liquid Ratio You are given the following information: Particulars Cash in Hand Cash at Bank Sundry Debtors Stock Bills Payable Bills Receivable Sundry Creditors Outstanding Expenses Prepaid Expenses Dividend Payable Land & Building Goodwill Share Capital Calculate: i. Current Ratio ii. Amount (Rs) 10,000 15,000 75,000 60,000 25,000 30,000 40,000 20,000 10,000 15,000 2,00,000 50,000 4,00,000 Acid Test Ratio iii. ETEN Absolute Liquid Ratio

Answer rating: 100% (QA)

To calculate the current ratio acid test ratio and absolute liquid ratio we need to use the followin... View the full answer