31 :- The Quick Ratio of a company is 0.8 : 1. State, with reason, whether the following transactions will increase, decrease or not change the Quick Ratio:
(a) Purchase of loose tools for Rs 2,000; (b) Insurance premium paid in advance Rs 500; (c) Sale of goods on credit Rs 3,000; (d) Honoured a Bills Payable of Rs 5,000 on maturity.
32 :- Capital Employed Rs 20,00,000; Fixed Assets Rs 14,00,000; Current Liabilities Rs 2,00,000. There are no Long – term Investments. Calculate Current Ratio.
33 :- Venus Ltd.’s inventory is Rs 3,00,000. Total Liquid Assets are Rs 12,00,000 and Quick Ratio is 2:1. Work out Current Ratio.
34 :- Total Assets Rs 11,00,000; Fixed Assets Rs 5,00,000; Capital Employed Rs 10,00,000. There were no Long – term investments. Calculate Current Ratio.
35 :- From the following information, calculate (i) Current Ratio; and (ii) Quick Ratio :
36 :- Following is the Balance Sheet of Crescent Chemical Works Limited as at 31st March, 2025 :
Compute Current Ratio and Liquid Ratio