Question - 03

Calculate the current ratio and Quick ratio from the following :

Sundry debtors Rs. 3,50,000, Prepaid Exp. Rs. 20,000, Cash Rs. 1,25,000, Marketable Securities Rs. 50,000, machinery Rs. 24,000, Land and building Rs. 1,80,000, Bills receivable Rs. 5,000, Bills payable Rs. 60,000, Sundry Creditors Rs. 1,40,000, debentures Rs.2,00,000, Stock Rs. 2,40,000, Outstanding exp. Rs. 50,000.

Note : please purchase the book for looking question.