Ex. 26. [Ans. From the following particulars extracted from Compute: (a) Current Ratio (b) Liquid Ratio (c) Inventory Turnover Ratio (i) Net Sales/Average Inventory and (ii) Cost of Goods Sold/Average Inventory (d) Receivables Turnover Ratio (e) Payables Turnover Ratio Particulars Sundry debtors Cash Bank 2,000 Bills receivables 32,000 Provision for tax 4,000 Bills payable 1,80,000 [Ans. (a) 1.763; (b) 1.065; (c) 5.04, 3.48; (d) 4.421; (e) 2.95] Particulars Opening stock Closing stock y Sales less returns financial statements of XYZ Ltd. Provision for bad debts Sundry creditors Loose tools Purchases Amount (3) 47,000 53,000 2,52,000 Marketable securities Amount (3) 42,000 10,000 8,000 15,000 15,000 29,000 8,000​