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  3. 2. from the following, compute current ratio and q

2. From the following, compute Current Ratio and Quick Ratio and as an accountant, pass...

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2. From the following, compute Current Ratio and Quick Ratio and as an accountant, pass your opinion on the result of these ratios. OMR Stock 73,000 Sundry Debtors 127,000 Cash-in-hand and Cash in Bank 20,000 Bills Receivable 18,000 Short-term Investments 60,000 Prepaid Expenses 2,000 Bank Overdraft 10,000 Sundry Creditors 50,000 Bills Payable 32,000 Outstanding Expenses 28,000

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