Accounts Question
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 December 2010
A firm’s current assets and current liabilities are 600 and 1500 respectively. How much it can borrow from bank without reducing the current ratio below 1.5?
Thanks & REgards
Thanks & REgards
CMA Ramesh Krishnan
(Expert)
13 December 2010
Already your Current ratio is less than 1.50, you may not go for more credit
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