2. The only current assets possessed by a firm are: cash 1,05,000, inventories 5,60,000 and debtors *4,20,000.

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2. The only current assets possessed by a firm are: cash 1,05,000, inventories 5,60,000 and debtors *4,20,000. If the current ratio for the firm is 2:1, determine its current liabilities. Also, calculate the firm's quick ratio.

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Financial Management

ISBN: 9789325982291

11th Edition

Authors: I.M. Pandey

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Question Posted: Oct 23, 2024 12:01 PM

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2. The only current assets possessed by a firm are: cash 1,05,000, inventories 5,60,000 and debtors *4,20,000.

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Financial Management

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