Question - 16

From the given information calculate current ratio and quick ratio :

Share capital Rs. 15,000, Debentures Rs. 6,000, Creditors Rs. 3,000, Bills payable Rs. 2,600, Bank overdraft Rs. 2,000, Outstanding Salaries Rs. 1,400, Building Rs. 10,000, Commercial investment Rs. 2,500, Bills receivable Rs. 3,000, Debtors Rs. 4,000, Stock Rs. 2,000, Cash Rs. 500, Goodwill Rs. 8,000.

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