(Answered) 1calculate the amount of current assets and current

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1) Calculate the amount of current assets and current liabilities from the following: a) Current Ratio: 2.5:1, Working capital: ?60,000 b) Gross Profit : ?1,00,000, Total sales: ?5,25,000, Sales returns: ?25,000.Calculate Gross profit ratio.

2) X Ltd. Has liquid ratio of 1.5:1. Its stock is ?60,000 and its current liabilities are ?1,20,000. Calculate the current ratio.

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