Answered step by step
Verified Expert Solution
Question
1 Approved Answer
a) Following information is given by a company from its books of accounts as on March 31, 2023: [5] Particulars Inventory Total Current Assets
a) Following information is given by a company from its books of accounts as on March 31, 2023: [5] Particulars Inventory Total Current Assets Shareholder's funds Rs. 3.00.000 420.000 9,00,000 7,00,000 2,00,000 9,0,000 7-8 017-86175 13% Debenture Current Liabilities EBT Cost of Revenue from operations 19.00.000 Calculate (1) Current Ratio (2) Liquid Ratio (3) Debt Equity Ratio (4) Interest Coverage Ratio (5) Inventory Turnover Ratio 08-202200 b) Determine the sales (.e. revenues from operations) of a firm given the following information; Current ratio=1.5, Acid test ratio = 1.1, Current liabilities = 2000, Inventory turnover ratio = 10 times [3]
Step by Step Solution
★★★★★
3.31 Rating (148 Votes )
There are 3 Steps involved in it
Step: 1
a Lets proceed with the calculations for each ratio requested 1 Current Ratio It is arrived at by comparing the total current assets with total curren...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started