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Calculate the following ratios from the following information 

(i) Current ratio 

(ii) Acid test ratio 

(iii) Operating Ratio 

(iv) Gross Profit Ratio

Items Rs.
current assets 35,000
Current liabilities 17,500
stock 15,000
operating expenses 20,000
sales 60,000
cost of goods sold 30,000
 

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Note (i) Acid test ratio, quick ratio and liquid ratio are one and the same. 

(ii) Students mostly get confused in operating ratio and operating profit ratio, so be careful while doing these ratios.

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