Question - 04

From the following information, you are required to compute current ratio and liquid ratio: cash in hand Rs.. 18,000, Cash at bank Rs. 9,000, Debtors Rs. 1,08,000, Bills receivable Rs. 36,000, Creditors Rs. 1,44,000, Bills Payable Rs. 36,000, Provision for tax Rs. 63,000, Stock Rs. 3,15,000.

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