Calculate current ratio and acid test ratio


From the particulars given below, calculate (i) Current Ratio (ii) Acid Test Ratio (iii) Working Capital Turnover Ratio:

 


Rs

Fixed Assets

1,00,000

Stock

37,200

Debtors

19,200

Cash

39,600

Prepaid Expenses

10,000

Creditors

36,000

Bank Overdraft

17,000

Reserves

10,000

Net Sales

31,800

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Finance Basics: Calculate current ratio and acid test ratio
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