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how to calculate the Current Ratio, Liquid Ratio &
Operating Ratio
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Answer Posted / azad khan
if current ratio=2.5 : 1
liquid ratio= 1:1
closing stock=rs 45000
calculate
current assets
current liabilities
liquid assets
| Is This Answer Correct ? | 6 Yes | 1 No |
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How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
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