Question
A general insurance company has the following balances:
Current Assets = ₹12 lakh, Inventories = ₹2 lakh, Bank overdraft = ₹1.5 lakh, Other Current Liabilities = ₹4.5 lakh. Calculate the Adjusted Quick Ratio (Acid Test Ratio).Solution
Quick Assets = Current Assets – Inventory = ₹12 lakh – ₹2 lakh = ₹10 lakh Current Liabilities = Bank overdraft + Other CL = ₹1.5 lakh + ₹4.5 lakh = ₹6 lakh Quick Ratio = 10 / 6 = 1.67 → approx 1.6
Which of the following states has the lowest percentage of urban literates according to 2011 Census?
Who is the richest Indian according to Hurun India Rich List 2023
From which country is Jon Fosse, the winner of the Nobel Prize 2023 in Literature?
Which king from the princely state of Tehri is known for starting the tradition of creating a city named after himself?
In the name "Aditya-L1," what does the term "L1" represent?
When a Member of Parliament feels that a Minister has breached the privileges of the House by concealing the facts of the matter, the motion raised by h...
Indian National Centre for Ocean Information Services has launched which app for seafarers?
Recently who became the brand Ambassador of Star Sports?
Which country will be hosting its first-ever Summer Paralympic Games in 2024?
The term "Vajra Sentinel System," recently featured in the news, is associated with which of the following options?
