Answered

18. From the following information, calculate Quick Ratio: Particular ₹ Particular ₹ Total Debt 12,00,000 Long-term Provisions 4,00,000 Total Assets 16,00,000 Long-term Loans & Advances 1,00,000 Property, Plant and Equipment (Fixed Assets) 6,00,000 Inventories 1,90,000 Non-current Investments 1,00,000 Prepaid Expenses 10,000 Long-term Borrowings 4,00,000​

Answer :

sumitk29484

Answer:

Total Assets = Rs 15,00,000

Current Liabilities = Creditors + Bills Payable + Bank Overdraft + Outstanding Expenses

= Rs 90,000 + Rs 60,000 + Rs 50,000 + Rs 20,000 = Rs 2,20,000

Long-Term Debt = Total Debt – Current Liabilities

= Rs 12,00,000 – Rs 2,20,000 = Rs 9,80,000

Other Questions