Question
20. Super quick ratio at the end of the year is 0.25x. Revenues are INR 120 Cr and the Gross Profit Margin of the Company
20. Super quick ratio at the end of the year is 0.25x. Revenues are INR 120 Cr and the Gross Profit Margin of the Company is 25%. Assuming that Opening Stock = Closing Stock and Accounts Payable Turnover Ratio is 6x, please calculate the cash balance. Please note that Opening Accounts Payable = 1.25 times Closing Accounts Payable and there are no other liabilities in the balance sheet [Hint: Super Quick Ratio assumes only Cash in the Numerator]
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
