ACC501 GDB No. 1
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ACC501 GDB No. 1
Semester "Spring 2011"
“Business Finance (ACC501)”
This is to inform that Graded Discussion Board (GDB) Has been opened according to the following schedule
Schedule
Opening Date and Time
April 11, 2011 At 12:01 A.M. (Mid-Night)
Closing Date and Time
April 14, 2011 At 11:59 P.M. (Mid-Night)
“Business Finance (ACC501)”
This is to inform that Graded Discussion Board (GDB) Has been opened according to the following schedule
Schedule
Opening Date and Time
April 11, 2011 At 12:01 A.M. (Mid-Night)
Closing Date and Time
April 14, 2011 At 11:59 P.M. (Mid-Night)
"Discussion Question"
Suppose you are supplier of material to a manufacturing concern ABC. Company ABC wants to purchase material from you on credit basis and promises to pay within three months. Existing Current Ratio and Quick Ratios for Company ABC are as follows:
Current Ratio = Rs. 6,351 = 1.65:1
Rs. 3,850
Quick Ratio = Rs. 5,325 = 1.38:1
Rs. 3,850
Required:
You are required to answer the following:
Being a supplier, which Balance Sheet Ratios of Company ABC will be more important for you. (Only mention the names of ratios, details are not required)
Which balance sheet items of Company ABC will be affected if you’ve supplied material of Rs. 985 on account? (Details are not required)
By keeping in view the given Current Ratio, what will be new Current Ratio of ABC Company if you’ve supplied material of Rs. 985 on account? (Working is not required. Only provide resulting figure)
ali- Monstars
-
Posts : 154
Join date : 2011-02-13
Age : 39
Re: ACC501 GDB No. 1
SOLUTION:
Question 1 answer= quick ratio
Q 2= current ratio
Q 3= 1.9055
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Question 1 answer= quick ratio
Q 2= current ratio
Q 3= 1.9055
[You must be registered and logged in to see this image.]
ali- Monstars
-
Posts : 154
Join date : 2011-02-13
Age : 39
Re: ACC501 GDB No. 1
[You must be registered and logged in to see this image.]
Asad- Deep Bench
- Posts : 563
Join date : 2011-02-11
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