Find Out Current Ratio and Acid Test Ratio of following.
Mr. X has
Debtor 50000, stock 20000, Cash AT bank 60000, Bills recievable 20000 and Creditors 25000, Bills payable 25000, Bank O/D 20000
2.14 Current Ratio and Acid test ratio 2.6
1.14 Current Ratio and Acid test Ratio 2.14
2.6 Current ratio and acid test ratio 0.14
What Is current Ratio?
Current Assets - stock/Cash on hand
Current Assets / Current Liabilities
Stock/ Current Liabilities
What is Acid test ratio?
Current Assets/Current Liabilities
Current assets-stock/Current Liabilities-Bank O/d
Current assets/Current Liabilites-stock
what Is Quick Assets?
Current assets-current Liabilities
Current liabilities-bank O/d
Current Assets-Stock
What is quick Liabilities?
Current liabilities-bank O/d
Current assets-Bank O/d
Current assets-Current Liabilities
Current assets-stock