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17. From the following information, calculate Liquid Ratio:ParticularsParticularsCurrent AssetsInventoriesPrepaid Expenses2,00,00050,00010,000Trade ReceivablesCurrent Liabilities1,10,00070,000​

Answer»

ANSWER:

Explanation:

Dr.

Particulars amount

Current ASSETS 200000

Inventories 50000

Prepaid expenses 10000

Cr.

Particulars amount

Trade RECEIVABLES 110000

Current LIABILITIES 70000



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