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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. Stock

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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. Stock Sundry Debtors Cash-in-hand and Cash in Bank Bills Receivable Short-term Investments Prepaid Expenses Bank Overdraft Sundry Creditors Bills Payable Outstanding Expenses OMR 73,000 127,000 20,000 18,000 60,000 2,000 10,000 50,000 32,000 28,000

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