Homework Answers
Current ratio = current assets/current liabilities
Current assets = inventory + trade receivable + advance tax + cash and cash equivalents
= 50,000 + 50,000 + 4,000 + 30,000 = Rs.1,34,000
Current liabilities = Trade payable + short term borrowing
= 1,00,000 + 4,000 = Rs.1,04,000
Current Ratio = 1,34,000/1,04,000 = 1.288
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