The assets of ABC Limited consists of fixed and current while its current liabilities comprise bank credit and trade credit in the ratio of 3:1. From the following figures relating to the company for the year.2015. Share capital Working capital A Gross profit Stock turnover-sale drob Average collection period - Current ratio- Quick ratio - Reserves and surplus to cash Current Af Required: Rs. 299,500 90,000 25% 8 1.5 months. 2.5 1.5 4.5

The assets of ABC Limited consists of fixed and current while its current liabilities comprise bank credit and trade credit in the ratio of 3:1. From the following figures relating to the company for the year.2015. Share capital Working capital A Gross profit Stock turnover-sale drob Average collection period - Current ratio- Quick ratio - Reserves and surplus to cash Current Af Required: Rs. 299,500 90,000 25% 8 1.5 months. 2.5 1.5 4.5

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Description: The assets of ABC Limited consists of fixed and current while its current liabilitiescomprise bank credit and trade credit in the ratio of 3:1. From the following figuresrelating to the company for the year.2015.Share capitalWorking capital AGross p

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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