Accountancy
This query is : Resolved
04 April 2018
Why loose tools and spare parts are not included in inventory in current assets while calculating liquidity ration that is current ratio
04 April 2018
Because they cannot be converted into cash or cash equivalent so easily.
05 April 2018
Full Inventory is not convertible in cash in a short duration/ within a few days so same is not included in quick assets
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