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Particulars Amount (Rs.)
I. Equity and Liabilities
1. Shareholders’ funds
a) Share capital 24,00,000
b) Reserves and surplus 6,00,000
2. Non-current liabilities
a) Long-term borrowings 9,00,000
3. Current liabilities
a) Short-term borrowings 6,00,000
b) Trade payables 23,40,000
c) Short-term provisions 60,000
Total 69,00,000
II. Assets
1. Non-current Assets
a) Fixed assets:
Tangible assets 45,00,000
2. Current Assets
a) Inventories 12,00,000
b) Trade receivables 9,00,000
c) Cash and cash equivalents 2,28,000
d) Short-term loans and advances 72,000
Current Ratio and Liquid Ratio will be:
0.7 :1; 0.3:1
0.8:1; 0.4:1
0.9:1;0.5:1
None of the above
Current Ratio:
Current assets/Current Liabilities= 24,00,000/30,00,000= 0.8 :1
Current Assets = Inventories +Trade Receivables + Cash + Short term Loans and Advances
= 12,00,000 + 9,00,000 + 2,28,000 + 72,000
= Rs 24,00,000
Current Liabilities = Trade Payables + Short-term Borrowings + Short-term Provisions
= 23,40,000 + 6,00,000 + 60,000
= Rs 30,00,000
Quick Ratio:
Quick or Liquid Assets/Current Liabilities = 12,00,000/30,00,000= 0.4:1
Quick Assets = Trade Receivables + Cash + Short term Loans and Advances
= 9,00,000 + 2,28,000 + 72,000
= Rs 12,00,000
By: Vikas Goyal ProfileResourcesReport error
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