"Inventory is not included in quick assets while calculating the quick ratio. But inventory is included in the numerator while calculating the current ratio. So, an increase in the numerator for Firm X because of greater inventory makes its current ratio more than Firm Y. Accounts payable are included in current liability, and it’s the same in the case of quick ratio and current ratio. We do not have full information about turnover ratios so can not comment on that. Therefore, greater inventory for Firm X will result in a higher current ratio"
Under IPC, where no sum is expressed to which a fine may extend, the amount of fine to which the offender is liable
S.3 of the Limitation act prescribes for a limitation period for -
What is the time limit for filing appeal against the order of Cyber appellate tribunal?
The Insurance Regulatory and Development Authority of India shall maintain proper accounts and other relevant records and prepare an annual statement o...
Who cannot acquire the right of subrogation ?
Which is the correct order of examination of Witnesses?
In which of the following cases can the person be not excused from answering any question as to any matter relevant to the matter in issue in any sui...
In which case it was held that every confession is an admission but every admission is not confession?
Any penalty may be imposed or any confiscation may be adjudged under the Foreign Trade (Development and Regulation) Act by_____
In order to convert a ___________ into a promise, the acceptance must be absolute and unqualified; be expressed in some usual and reasonable manner.
