Question
Calculate Cash ratio of the
company? 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.Solution
Cash Ratio = Cash & Cash Equivalents / Current Liabilities 24,000/ 3,50,000 0.07 Cash & Cash Equivalents= cash balance i.e., 24000 Current Liability = Trade Creditors + Bank Overdraft + Short term borrowings = 200,000+1,20,000+30,000 =3,50,000
More Accounts Questions
3, 6, 18, 90, 630, 5670
332, 404, 350, 390, 360, 380
42, 61, 78, 93, 102, 109
66, 220, 384, 543, 702, 861
45, 166, 310, 480, 675, 900
Find the wrong number in the given number series.
32, 61, 92, 129, 170, 211
- Find the wrong number in the given number series.
310, 259, 208, 167, 128, 115 Find the wrong number in given number series.
2669, 2838, 2993, 3185, 3397, 3629
- Find the wrong number in the given number series.
10, 35, 260, 885, 2110, 4135 Find the wrong number in given number series.
1177, 1161, 1125, 1061, 961, 837.
Relevant for Exams:
