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Calculate Liquid Ratio /Quick Ratio/Acid Test Ratio from the following:

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`"Liquid/Quick Ratio" =("Liquid/Quick Assets")/("Current Liabilities") =(Rs 180000)/(Rs 90000)=2:1`
current liabilities = Total debts i.e , outside liabilities- long-term debts
Rs =390000=Rs 300000=Rs 90000
Current Assets =working capital +current liabilities
=Rs 180000+Rs 900000=Rs 270000
Liquid/Quick assets =Current Assets -Inventories
=Rs 270000-Rs 90000=Rs 180000
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TS GREWAL-ACCOUNTING RATIOS -Exercise
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  6. Working capital Rs 180000, total debts Rs 390000, long term debts Rs 3...

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  10. Current liabilites of a company were Rs 175000 and its current ratio w...

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  11. Ratio of current assets (Rs 300000) to current liabilities (Rs 200000)...

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  12. Ratio of currents assets (Rs 275000) to curent liabilites (Rs 350000) ...

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  13. A firm had curent assets of Rs 500000.It paid current liabilities of R...

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  14. state giving reason whether the current ratio will improve or decline ...

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  15. state giving reasons which of the following transactions would improve...

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  16. From the following information calcualte liquid ratio:

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  17. Quick assets Rs 150000, inventroy (stock) Rs 40000, prepaid Expaneses ...

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  18. Current assets Rs 300000, inventories Rs 600000, working capital Rs 25...

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  19. Woking capital Rs 360000, total debts Rs 780000, long term debts s 600...

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  20. Current liablities of a company are Rs 600000. Its current ratio is 3:...

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  21. X ltd has a current ratio fo 3.5 :1 and quick ratio of 2:1 if the inve...

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