Practice question
Question
The Current Assets of APE Ltd. are ₹ 6,00,000; Current Liabilities are ₹ 2,00,000; Inventories are ₹ 1,50,000; Prepaid Expenses are ₹ 50,000 and Cash and Cash Equivalents are ₹ 1,00,000. What is its quick ratio?
Explanation
2 company accounts correct; share issue forfeiture pro-rata per Companies Act.
Discussion
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