4 The working capital of ABC Ltd. has deteriorated in recent years and now stands as stated in the image attached: (a) Compute the current and quick ratios. (b) A further bank loan of Rs. 50,000 against debtors is under negotiation. Assuming the loan is received, calculate the revised current and quick ratios. (c) There is also a negotiation going on for discounting the debtors of Rs. 350,000 for Rs. 3,15,000 to a collection agency for immediate cash. Also, obsolete stocks worth Rs. 1,25,000 are being sold for Rs. 80,000. Of the cash to be realized by the two transactions, the bank loan is proposed to be reduced to Rs. 1,00,000. Calculate the current ratio after the transactions are put through. * (3 Points) Current Assets Inventory Debtors Cash Rs. Current Liabilities 5,60,000 Creditors 3,50,000 Bank Loan 70,000 9,80,000 Rs. 4.90,000 2,10,000 7,00.000