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Following information is given for NizCol LLC a small firm situated in Nizwa: All figures are in OMR Current Assets = 1250 Current Liabilities = 250 = What is the Current Ratio ? 5:1 3:1 2:1 4:1 Following information is given for DecWood LLC Debtors = 20000 Inventory = 19000 Cash = 25000 Current Liabilities = 10000 Bank Overdraft = 0 Find the Quick Ratio 2:1 1.5:1 4.5:1 4:1 Following is a part of the balance sheet All figures are in OMR Sundry debtors - 15000 Sundry creditors - 2000 Stock - 10000 Prepaid expenses - 15000 Outstanding Expenses - 1000 Marketable securities - 5000 Debentures - 10000 Cash - 2000 Bill payables - 1000 What is the sum of all current assets? 4000 14000 57000 47000 Bills Payable - 27000 Accrued or Outstanding Expenses - 28000 Accounts Receivable - 27500 Bank overdraft -22500 Sundry Creditors - 32000 Dividend payable - 13000 Marketable Securities - 10000 Provision for taxation - 57000 Which of the above are not current Liabilities? Marketable Securities and Bank Overdraft Provision for Taxation and Accounts Receivable Marketable Securities and Accounts Receivable Marketable Securities and Bills Payable Clear my choice The Working Capital will not be needed for : Day-to-day expenses Payment of wages and salary Purchase of Machinery Purchase of raw materials and spares