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write in word (B). Al Mashoor company is a manufacturing company established in Oman involved in the manufacturing of plastic products. The details of Assets
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(B). Al Mashoor company is a manufacturing company established in Oman involved in the manufacturing of plastic products. The details of Assets and Liabilities of Al Mashoor Company for the year 2019 are given below: Cash in hand..... OMR 62.000 Cash at Bank....... OMR 76,000 Inventory................ OMR 58,000 Accounts Receivable..... OMR 96,000 Accounts Payable......... OMR 65,000 Prepaid Insurance............ OMR 18,000 Outstanding expenses OMR 45,000 Bills Payable................... OMR 34.000 Bills Receivable................. OMR 42,000 Long term loan.................. OMR 32.000 Plant and Machinery .......... OMR 72,000 Building.......................... OMR 104,000 Requirement: Calculate Current Ratio, Quick Ratio and Debt Ratio from the above information and give your interpretation for Current Ratio and Quick Ratio. (6 Marks)Step by Step Solution
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