[farakhmirza]

Did anyone get the MCQ where we had to find the Overdraft form the Balance sheet. Quick ratio was given along with Purchases and Payable days and total of assets. Note: Liabilities only had AP & Overdraft, Liabilities total was not given. I used quick ratio to get the liabilities total, Purchases and Payable days to get the AP balance subtract from liabilities to get the OD but couldn’t get the right answer from MCQs.

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