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Part 1 Frank Wright runs a small bakery. He is concerned with the liquidity position...

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Part 1 Frank Wright runs a small bakery. He is concerned with the liquidity position of his firm as he has heard that liquidity problems are one of the most frequent explanations for business failure. The following data is available: Particulars Amount Inventory 1,50,000 Cash 50,000 Sundry Debtors 300,000 Creditors 350,000 Bills Receivable 30000 Bank Overdraft 30000 Required Q1. Calculate the current ratio and liquidity (acid test) ratio based on the above data. Q2. Give a brief evaluation of the liquidity position of Frank Wright's bakery

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