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Que : 87. Calculate Current Ratio of the following :
 

Creditors

1,00,000

Fixed Assets

7,50,000

Outstanding Salary

12,000

Stock

2,50,000

Bills payble

88,000

Debtors

75,000

Prepaid Expenses

5,000

Cash at Bank

2,70.000

Answer:

current ratio = current asset / current liabilities

= 5000+250000+75000+270000 / 200000

=600000/200000 = 3:1