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Calculate following ratios from the following information: (i) Current Ratio (ii) Acid test Ratio (iii) Operating Ratio (iv) Gross Profit Ratio ItemsRs.Current Assets35,000Current Liabilities17,500Stock15,000Operating Expenses20,000Sales60,000Cost of Goods Sold30,000 |
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Answer» Calculate following ratios from the following information: (i) Current Ratio (ii) Acid test Ratio (iii) Operating Ratio (iv) Gross Profit Ratio ItemsRs.Current Assets35,000Current Liabilities17,500Stock15,000Operating Expenses20,000Sales60,000Cost of Goods Sold30,000 |
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