Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 1. shihab ltd the following information regarding

1. Shihab Ltd the following information regarding its Current Assets and Current Liabilities: Current Assets...

50.1K

Verified Solution

Question

Finance

image

1. Shihab Ltd the following information regarding its Current Assets and Current Liabilities: Current Assets OMR Cash 10,000 Debtors 70,000 Bills Receivable 20,000 Marketable Securities 40,000 Prepaid Expenses 16,000 Stock 124,000 Total 280,000 Current Liabilities Creditors Bills Payable Outstanding Expenses Total 80,000 50,000 10,000 140,000 You are required to compute: (a) Current Ratio (b) Quick Ratio, (c) And as an accountant, pass your opinion on the result of these ratios

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Beer and Diapers: There is a popular story (among data miners) that there is a correlation...

Statistics
1.2K views

Simple linear regression, like ARIMA, involves statistical modeling. Unlike decomposition, averaging and smoothing methods, fitting a simple...

Operations Management
1.2K views

Does organizational culture impact the workplace and how it serves to the organization? What type of...

Geometry
1.2K views

5 6 The ratio of the diameters of two similar cylinders is 3 5 If...

Basic Math
1.2K views

10 Find the possible value or values of z in the quadratic equation z 4z...

Basic Math
1.2K views

or a data set of weights pounds and highway fuel consumption amounts mpg of four...

Calculus
1.2K views

function is given below Determine the average rate of change of the function between x...

Accounting
1.2K views

green part needs answered AutoSave OFF A Module Ma Home...

Accounting
1.2K views

Pearl Systems produces and sells speakers and CD players. The following information has been collected...

Accounting
1.2K views

calculate the npv of investing in the new machine and advise whether the investment is...

Accounting
1.2K views

The management of Sandhill Company SE is reevaluating the appropriateness of using its present inventory...

Accounting
1.2K views

3. a. When a merger occurs, how do understating assets or overstating liabilities and reserves...