OMR 500,000 Mr. Abdullah is running a hypermarket which is registered under company law and he is doing this business for the last ten year in Oman. He wishes to extend his business operation by opening new branch in Dubai. Before doing that, he wishes to know his financial status by preparing different ratios. The following information is available from the books of 2019; you are required to answer the questions below: Land and building Furniture 100,000 Sundry Debtors 180,000 Bank balance 40,000 Inventories 80,000 Short term investments 50,000 Cash 50,000 Sundry Creditors 100,000 Bills payable 20,000 I Expenses payable 80,000 Bank loan 200,000 Long term loan 100,000 Share Capital 500,000 Sales 300,000 Gross Profit 60,000 Net profit Operating profit 30,000 45,000 No. of share Market price of the share Share 1,000,000 OMR 0.300 22 22 Liquid ratio of the company is a. 1:1 ut of b. 2.5:1 c. 1.6:1 d. 1.5:1 d 23 out of Which one of the following is not current liability? a. None of the given option b. Sundry Creditors c. Expenses payable d. Bills payable