From the following ,Calculate Quick Ratio and Current Ratio:

Explanation

Current Assets=Total Assets- Non -current Assets
=Rs 1600000-[Rs 600000(Fixed Assets)+Rs100000(Non-current
Investments)+Rs100000(Long -term Loans and advances)]
=Rs 800000.
Quick assets =Current assets -Inventories -Prepaid Expenses
=Rs 8000000-Rs 190000-Rs 10000=Rs 600000
Current Liabilities =Total Debt -Non current Liabilities
=Rs 1200000-[Rs 400000(Long-term Borrowings)+Rs400000
(Long term Provisions)]
=Rs1200000-Rs 800000=Rs 400000
`Quick Ratio =(Quick Assets)/(Currrent Liabilities)=(Rs 600000)/(Rs 400000)=1.5:1`
`Current Ratio =(Current Assets)/(Current Liabilities)=(Rs 800000)/(Rs 400000)=2:1`