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From the following, Calculate the Current ratio and Quick ratio. Goodwill - Rs. 80,000 Land & Building = Rs. 60,000 Stock = Rs. 13,640 Sundry

From the following, Calculate the Current ratio and Quick ratio.

Goodwill - Rs. 80,000

Land & Building = Rs. 60,000

Stock = Rs. 13,640

Sundry Debtors = Rs. 26,150

Bank Balance in Current Account - Rs. 2,430

payment in advance = Rs. 3,100

Bills receivable - Rs. 1,130

Advance Income tax - Rs. 5,000

Sundry Creditors - Rs. 20,287

Bills Payable - Rs. 900

Bank Overdraft - Rs. 2,600

Provision for taxation - Rs. 6,200

Proposed Dividend = Rs. 4,313

Reserve for deferred taxation - Rs. 7,000


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