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