From the following data, calculate Current ratio and Liquid Ratio

7. From the following data, calculate Current ratio and Liquid Ratio

Liquid Assets	₹ 75,000
Inventories (Includes Loose Tools of ₹20,000)	₹ 35,000
Prepaid expenses	₹10,000
Working Capital	₹ 60,000

Marks-4, CBSE:2018-19/Sample/Q-21*

Answer

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