Calculate liquid ratio from the given data


Calculate Liquid Ratio from the following:

 


Rs

Cash

15,000

Bills Receivable

20,000

Stock

22,000

Creditors

17,000

Outstanding Expenses

2,000

 

 


Rs

Debtors

20,000

Short-term Investment

20,000

Prepaid Expenses

3,000

Bills Payable

6,000

Solution Preview :

Prepared by a verified Expert
Finance Basics: Calculate liquid ratio from the given data
Reference No:- TGS0672507

Now Priced at $5 (50% Discount)

Recommended (95%)

Rated (4.7/5)