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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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