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From the following information calculate thegain on holding a monetary liability Jan 2020 Dec. 2020 Current Assets 25,000 37,000 Current liabilities 30,000 40,000 Retail price

From the following information calculate thegain on holding a monetary liability

Jan 2020

Dec. 2020

Current Assets

25,000

37,000

Current liabilities

30,000

40,000

Retail price index No.

200

300

Average for the year

240

a.

OMR 20,000

b.

Insufficient data

c.

OMR 17,500

d.

OMR 15,300

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