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18. Quick Assets * 1,50,000; Inventory (Stock) * 40,000; Prepaid Expenses 10,000; Working Capital 1,20,000.Calculate Current Ratio. |
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Answer» Answer: 2.5 times Explanation: CURRENT asset=1,50,000+40,000+10,000=2,00,000 current liabilities=current asset-working capital =2,00,000-1,20,000=80,000 current ratio=CA/CL=2,00,000/80,000=2.5times |
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