(a) A business has current Ratio of 4:1 & a Quick Ratio of 1.2:1 . Ifworking capital is Rs. 180000. Calculate total current Assets and Stock(b) Calculate current Ratio and Quick Ratio from the followings:Working capital Rs. 150000, Total Debts Rs.400000, Long term debts Rs.310000, Stock Rs. 110000, Prepaid Expenses Rs. 10000

(a) A business has current Ratio of 4:1 & a Quick Ratio of 1.2:1 . Ifworking capital is Rs. 180000. Calculate total current Assets and Stock(b) Calculate current Ratio and Quick Ratio from the followings:Working capital Rs. 150000, Total Debts Rs.400000, Long term debts Rs.310000, Stock Rs. 110000, Prepaid Expenses Rs. 10000

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter2: Financial Statements And The Annual Report

Section: Chapter Questions

Problem 2.5AP: Working Capital and Current Ratio The balance sheet of Kapinski Inc. includes the following items:...

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