Question

Calculate the Current ratio based on above

Q: Answer-Calculate the Current ratio based on above information?

Current Ratio Current AssetsCurrent Liabilities 7,84,000 3,50,000 2.24 Current Assets Stock Debtors Cash 420,000340,00024000 7,84,000 Current Liability Trade Creditors Bank Overdraft Short term borrowings 200,0001,20,00030,000 3,50,000

information? Read the following information to answer the below questions: Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventories were 60 % of closing inventories. Opening Receivables are 120,000.

A 2.32

B 2.45

C 2.24

D 1.48

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