Rs Find the following balance sheet calculate (a) current ratio, (b) quick ratio (c) Absolute Liquid assets. Liabilities Rs. Assets Equity share capital 2,00,000 Land & building 80,000 General Reserve 90,000 Machinery 120,000 Sundry creditors 60,000 Cash 10,000 Bills payable 20,000 Bank 30,000 Bank overdraft 30,000 Stock 140,000 Provision for tax 5,000 Short-term investment 25,000 Proposed dividend 10,000 Sundry debtors 40,000 Outstanding salaries 5,000 Provision 10,000 30,000 Long term loans 60,000 Bills Receivable 10,000 Prepaid insurance 9,000 Preliminary expenses 20,000