Practicing Success
Trade Receivables 40,000; Trade Payables Rs60,000; Prepaid Expenses Rs10,000; Inventory Rs1,00,000 and Goodwill is Rs15,000. Current Ratio will be : |
01:02 02:01 2.5 : 1 None of the above |
2.5 : 1 |
Current Assets = Trade Receivables + Prepaid Expenses + Inventory |