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Find out current ratio

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Question 1: Find out current ratio.

Gross Debtors Rs. 20,000; Provision for Bad debts Rs. 3,000; Bills receivable Rs. 13,000; Stock twice of net debtors; Cash in hand Rs. 16,000; Advance to suppliers Rs. 15,000; Creditors for goods Rs. 27,000; Bills payable Rs. 8,000; Outstanding expenses Rs. 15,000; Prepaid expenses Rs. 5,000 Investment (Long term) Rs. 12,000;

Reference no: EM132583417

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