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2. From the following, compute Current Ratio and Quick Ratio and as an accountant, pass your opinion on the result of these ratios. OMR Stock
2. From the following, compute Current Ratio and Quick Ratio and as an accountant, pass your opinion on the result of these ratios. OMR Stock 73,000 Sundry Debtors 127,000 Cash-in-hand and Cash in Bank 20,000 Bills Receivable 18,000 Short-term Investments 60,000 Prepaid Expenses 2,000 Bank Overdraft 10,000 Sundry Creditors 50,000 Bills Payable 32,000 Outstanding Expenses 28,000
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