Ex. 17. From the following particulars extracted from the financial statements of XYZ Ltd. Compute: (a) Current Ratio (b) Liquid Ratio (c) Inventory Tumover Ratio (i) Net Sales/Average Inventory and (ii) Cost of Goods Sold/ Average Inventory (d) Receivables Turnover Ratio (e) Payables Turnover Ratio Particulars Amount ( Particulars Amount ( Opening stock 47,000 Sundry debtors 42,000 Closing stock 53,000 Cash 10,000 Sales less returns 2,52.000 Bank 8,000 Provision for bad debts 2,000 Bills receivables 15,000 Sundry creditors 32,000 Provision for tax 15,000. Loose tools 4,000 Bills payable 29,000 Purchases 1,80,000 Marketable securities 8,000