Following is the Balance sheet of Al-Maazan Iron & Steel LLC for the year ending December 31, 2020: Liabilities & Capital | Current Liabilities Sundry Creditors Assets Amount Amount | Current Assets Cash & Cash Equivalents 1,000 2,500 Sundry Debtors 2,500 Bank Overdraft 1,000 |Inventory 1,500 Non-Current Liabilities Fixed Assets Loan from Bank Muscat 5,000 Property, Plant & Equipment 8,500 Net worth/ Capital Furniture 2,500 Common Stock 5,000 Reserves & Surpluses Total Liabilities & Capital 2,500 Total Assets 16,000 16,000 Calculate Current Ratio and Quick Ratio from the given Balance Sheet.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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. Following is the Balance sheet of Al-Maazan| Iron & Steel LLC for the year ending
December 31, 2020:
Assets
Amount
Liabilities & Capital
Amount
Current Assets
Current Liabilities
Cash & Cash Equivalents
1,000
Sundry Creditors
2,500
Sundry Debtors
2,500
Bank Overdraft
1,000
Inventory
1,500
Non-Current Liabilities
Fixed Assets
Loan from Bank Muscat
5,000
Property, Plant & Equipment
8,500
Net worth/ Capital
Furniture
2,500
Common Stock
5,000
Reserves & Surpluses
Total Liabilities & Capital
2,500
Total Assets
16,000
16,000
Calculate Current Ratio and Quick Ratio from the given Balance Sheet.
Transcribed Image Text:. Following is the Balance sheet of Al-Maazan| Iron & Steel LLC for the year ending December 31, 2020: Assets Amount Liabilities & Capital Amount Current Assets Current Liabilities Cash & Cash Equivalents 1,000 Sundry Creditors 2,500 Sundry Debtors 2,500 Bank Overdraft 1,000 Inventory 1,500 Non-Current Liabilities Fixed Assets Loan from Bank Muscat 5,000 Property, Plant & Equipment 8,500 Net worth/ Capital Furniture 2,500 Common Stock 5,000 Reserves & Surpluses Total Liabilities & Capital 2,500 Total Assets 16,000 16,000 Calculate Current Ratio and Quick Ratio from the given Balance Sheet.
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