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