Question - 41

From the following data calculate : (a) Current ratio, (b) Liquid ratio, (c) Stock turnover, (d) Creditors turnover , (e) Average collection period.

Cash Rs. 25,000, Debtors Rs. 12,000, Stock Rs 8,000, Prepaid exp. Rs. 2,000, Creditors Rs. 12,000, Bills payable Rs. 3,000, Sales Rs. 53,000, Purchase Rs. 34,000, Purchase return Rs. 750.

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