Question - 17

Find out the current ratio and quick ratio from given informations :

Creditors Rs. 1,60,000, Bills payable Rs. 40,000, Outstanding exp. Rs. 20,000, Cash Rs. 1,00,000, Debtors Rs. 2,00,000, Cash at Bank Rs. 50,000, Stock Rs. 90,000, Prepaid Exp. Rs. 30,000, Bills receivable Rs. 50,000.

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