Calculate1.closing capital 2.current liabilities 3.current asset …

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Calculate1.closing capital 2.current liabilities 3.current asset 4.Quick asset from the following figures.
Cash Sales one fourth of total sales, Quick Ratio 1.5, credit sales Rs 600000, Working capital Rs.120000,prepaid expenses Rs 5000,Groos profit ratio 20p.c.stock turn over ratio 8 times
Closing stock was Rs 10000 in excess of opening stock.
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