12th Class
Accountancy
Sample Paper
Accountancy - Sample Paper-12
question_answer
Calculate current assets of a company from the following information: Stock Turnover Ratio = 4 times. Stock at the end is Rs. 20,000 more than the stock in the beginning. Sales Rs. 3,00,000 and Gross Profit Ratio is 20% of Sales. Current Liabilities = Rs. 40,000, Quick Ratio = 0.75