The following information from ABC Ltd. Current Ratio = 2.5 Liquid Ratio = 1.5 Proprietary Ratio = 0.75 Working Capital = ₹ 60,000 Reserve and Surplus = ₹ 40,000 Bank Overdraft = ₹ 10,000 There is no long term loan and f
CS Executive · Corporate and Management Accounting · PYQS · December 2024
The following information from ABC Ltd. Current Ratio = 2.5 Liquid Ratio = 1.5 Proprietary Ratio = 0.75 Working Capital = ₹ 60,000 Reserve and Surplus = ₹ 40,000 Bank Overdraft = ₹ 10,000 There is no long term loan and fictitious assets. You are required to calculate the amount of Current assets.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Financial Statement Analysis
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