Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 09, 2024

Question: 1. Calculate the Quick ratio and super quick ratio by using the below information given. Equity share capital Preference share capital Reserves Debentures Sundry

Question:

1. Calculate the Quick ratio and super quick ratio by using the below information given.

Equity share capital

Preference share capital

Reserves

Debentures

Sundry creditors

Bills payable

12000

60000

150000

220000

160000

68000

Fixed Asset

Stock and Raw material

Stock of finished goods

Debtors

Bank balance

150000

120000

160000

80000

160000

Total

670000

Total

670000

Score: 5 marks on each ratio.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using QuickBooks Accountant 2018 For Accounting

Authors: Glenn Owen

16th Edition

0357042085, 9780357042083

More Books

Students also viewed these Accounting questions

Question

★★★★★

Discuss the relative complexity of the two production systems.

Answered: 1 week ago

Question

★★★★★

The atmospheric pressure above a swimming pool changes from 755 to 765 mm of mercury. The bottom of the pool is a rectangle (12 m 24 m). By how much does the force on the bottom of the pool increase?

Answered: 1 week ago

Question

★★★★★

=+15. A collection of recreational boats in Kuwait shows the following relationship between Price and Age of the boat: Price 0 20 40 60 80 100 Age 200,000 250,000 300,000 350,000

Answered: 1 week ago

Question

★★★★★

Pyl acquired all the outstanding capital stock of Soo of London on January 1, 2011, for $800,000, when the exchange rate for British pounds was $1.60 and Soo's stockholders' equity consisted of...

Answered: 1 week ago

Question

★★★★★

Unix questions, I need help stuck Hint: Commands to study to answer this question: predefined shell variables, and .profile script file, echo SHELL, HOME, PATH, MAIL and TERM are predefined shell...

Answered: 1 week ago

Question

★★★★★

n 1 July 2018 Power Ltd. issues $10 million in five-year debentures that pay interest each six months at a coupon rate of 5 per cent. At the time of issuing the securities, the market requires a rate...

Answered: 1 week ago

Question

★★★★★

REMEMBER ME- LIVING LEGACIES Imagine you created business from a website that you can use as a memorial for your loved ones that passed away. Management and Operations Including yourself, how many...

Answered: 1 week ago

Question

★★★★★

If most new products are minor modifications of existing products, why do firms continue with high-risk, high-cost projects?

Answered: 1 week ago

Question

★★★★★

Examine the rules in /etc/snort/rules/ and find the duplicate rule. What is the sid: number for the duplicate rule? (Hint: answer is the higher of the two SID numbers.) what command would i use to...

Answered: 1 week ago

Question

★★★★★

In other words, according to your informed thinking on what you have observed, in what ways was the leader's behavior impactful or was not effective, and why do you say so?

Answered: 1 week ago

Question

★★★★★

Assume that the initial stock price is So = $ 1 0 0 . You would like to hedge a long position of 2 0 call contracts ( 1 0 0 shares per contract ) with 2 5 0 days to maturity anda strike price of $ 1...

Answered: 1 week ago

Question

★★★★★

In your own words, summarize the primary objectives of unions.

Answered: 1 week ago

Question

★★★★★

If you were asked to explain why various types of people are on the employers bargaining team, what reasons would you give for (a) the company lawyer, (b) the director of industrial relations, (c) a...

Answered: 1 week ago

Question

★★★★★

What roles do labour relations boards serve in labourmanagement relations?

Answered: 1 week ago

Previous Question Next Question