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
How many bank accounts have been opened under the PM Jan Dhan Yojana?
When is World Sustainable Transport Day designated by the UN General Assembly every year?
Kotak School of Sustainability has been launched by Kotak Mahindra Bank in order to address the challenges of global warming, and promote pedigree educa...
What is the maximum monthly wage limit for employees eligible to benefit under the ELI scheme?
What is the objective of the collaboration between C-DOT and Qualcomm Technologies?
Which bank has partnered with the Tamil Nadu government backed StartupTN to foster entrepreneurship in the state & would strengthen the ecosystem and pr...
What percentage of waste from legacy landfill sites in large cities has been remedied since the launch of SBM Urban 2.0?
The Reserve Bank of India has announced a second global hackathon ‘HARBINGER 2023’ with a theme?
What is the name of the mascot unveiled for the Khelo India Water Sports Festival 2025?
The government has reduced the floor price for basmati rice exports to $950 per tonne from _______ per tonne due to ongoing concerns that higher prices ...
Relevant for Exams:
