Question : A Company's liquid assets are Rs.2,50,000 and its current liabilities are Rs.1,50,000. Thereafter, it paid Rs.50,000 to its trade payables. The quick ratio will be:
Option 1: 1.33:1
Option 2: 2.5:1
Option 3: 1.67:1
Option 4: 2:1
Correct Answer: 2:1
Solution : Answer = 2:1
Quick Ratio= $\frac{\text{Quick Assets}}{\text{Current liabilities}}$ New quick Assets = 2,50,000 - 50,000 = 2,00,000 New Current liabilities = Current liabilities – paid to trade payable = 1,50,000 - 50,000 = 1,00,000 New Quick Ratio = 2,00,000/1,00,000= 2:1. Hence, the correct option is 4.
Question : A company liquid assets are Rs.5,00,000 and its current liabilities are Rs.3,00,000. Thereafter, it paid Rs.1,00,000 to its trade payable. Quick Ratio will be -
Question : A firm had current assets of Rs.3,00,000 It then paid trade payables of Rs.50,000. After this payment, the current ratio was 2.5:1 The amount of Current Liabilities and Working Capital after the payment are ___________.
Question : The Current Liabilities of a Company are Rs.7,00,000. Its current ratio is 3.5: 1 and its acid test ratio is 1.5: 1. The value of Current assets, Liquid assets and Inventories are
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