Question
Calculate the Quick ratio based on above
information? Read the following information to answer the below questions: Â 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. ÂSolution
Quick ratio = Quick Assets/Current Liabilities  3,64,000 / 3,50,000 Quick Assets = Debtors + Cash = 340,000+24000 = 3,64,000 Current Liability = Trade Creditors + Bank Overdraft + Short term borrowings = 200,000+1,20,000+30,000 =3,50,000
Who has been appointed as the new Deputy Governor of the Reserve Bank of India?
On which day was Bank of Baroda's green term deposit scheme, bob Earth, announced?
Adani New Industries Ltd (ANIL) and the French giant TotalEnergies will invest $50 billion over 10 years in green hydrogen and, in the initial phase, bu...
The 55th International Film Festival of India (IFFI) introduced a new section in 2024 to showcase:
Which vaccine has been permitted by DAHD for use against Bird Flu outbreaks in India?
What mission has the Council of Scientific and Industrial Research (CSIR) launched to enhance farmers' income by using smart agro-technologies?
Which country did India sign a protocol with to establish the Joint Economic and Trade Committee (JETCO)?
Which city in Tamil Nadu hosts India’s second AI-powered Gold Loan ATM?
Which initiative aims to enable instant cross-border retail payments by interlinking domestic fast payments systems of ASEAN countries and India
What is the significance of the Supreme Court’s "social model of disability"?
Relevant for Exams:
