Question
A company shows the following balance sheet figures (₹
in crore): Equity 40, Reserves 20, Term Loan 60, Current Assets 80 and Current Liabilities 40. The bank wishes to assess the short-term liquidity position of the borrower based on standard ratio analysis. What is the Current Ratio?Solution
Current Ratio = CA / CL = 80 / 40 = 2.00.
More Basic Accounting Concepts Questions
Select the most appropriate antonym of the given word.
Emancipate
Implore
A. She gave him an imploring look.
B. The implore for a cure goes on.
C. Please implore someone else's help in a cri...
Select the most appropriate ANTONYM of the given word.
FEEBLE
Guzzle
- Below a word is given in three sentences. Find out which one/ones make/makes a correct usage of the given word and mark the option accordingly. If the sent...
Garner
- Below a word is given in three sentences. Find out which one/ones make/makes a correct usage of the given word and mark the option accordingly. If the sent...
Given below are three sentences which use a common word highlighted. Find out the correct pair of the sentences that use the word correctly.
...
(i) lucrative
(ii) indulge
(iii) benevolent
(iv) malicious
Diffident
Relevant for Exams:
