a. From the following, calculate the Current Ratio:
|
|
Rs
|
|
Cash-in-hand
|
2,50,000
|
|
Sundry Debtors
|
1,50,000
|
|
Stock-in-trade
|
2,00,000
|
|
Sundry Creditors
|
2,00,000
|
|
Bills Payable
|
1,00,000
|
b. From the following, compute Current Ratio:
|
|
Rs
|
|
Stock
|
30,000
|
|
Sundry Debtors
|
20,000
|
|
Cash or Bank
|
8,000
|
|
Bills Receivable
|
15,000
|
|
Short-term Investments
|
25,000
|
|
Prepaid Expenses
|
2,000
|
|
Bank Overdraft
|
15,000
|
|
Sundry Creditors
|
20,000
|
|
Bills Payable
|
10,000
|
|
Outstanding Expenses
|
5,000
|