Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Write by microsoft word DMS Faydule..... UIVIA 140,000 Exercise 5 (2 marks) A Calculate Current Ratio and Quick Ratio from the following information and give
Write by microsoft word
DMS Faydule..... UIVIA 140,000 Exercise 5 (2 marks) A Calculate Current Ratio and Quick Ratio from the following information and give your interpretation Inventory...... OMR 20,000 Accounts Receivable..... OMR 40,000 Cash in hand..... OMR 25,000 Cash at Bank.. OMR 30,000 Prepaid Expenses... OMR 5,000 Accounts Payable........ OMR 35,000 Outstanding expenses OMR 15,000 Bills Payable... OMR 20,000 . (1.5 marks) Exercise 6 Calculate Debt Ratio from the following information. Assets Amount(OMR) Liabilities and Equity Amount(OMR) Cash and Bank 55,000 Creditors 16,000 Debtors 20,000 Debentures 20,000 35,000 Stock Bank Loan (long term) 44,000 Land and Buildings 70,000 Shareholder's equity 60,000 10,000 Furniture Retained Earnings 50,000 Total 190,000 Total 190,000 Note: Write your answers in other piece of paperStep 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