Question :
Quick Ratio 1:1.Current Assets Rs 60,000, Current liabilities Rs 40,000. Calculate the value of inventory.

Option 1: Rs.40,000
Option 2: Rs.20,000
Option 3: Rs.10,000
Option 4:
Rs.22,000

Question

Question :

Quick Ratio 1:1.Current Assets Rs 60,000, Current liabilities Rs 40,000. Calculate the value of inventory.

Option 1: Rs.40,000

Option 2: Rs.20,000

Option 3: Rs.10,000

Option 4:

Rs.22,000

Team Careers360 · Accepted Answer

Correct Answer: Rs.20,000

Solution : Quick Ratio = Liquid Assets/Current liabilities
1/1 = Liquid Assets/Rs.40,000
Liquid Assets = Rs.40,000
Inventory = Current Assets - Liquid Assets = Rs.60,000 - Rs.40,000 = Rs.20,000.
Hence, the correct option is 2.

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Question : Quick Ratio 1:1.Current Assets Rs 60,000, Current liabilities Rs 40,000. Calculate the value of inventory. Option 1: Rs.40,000Option 2: Rs.20,000Option 3: Rs.10,000Option 4: Rs.22,000

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Question :
Quick Ratio 1:1.Current Assets Rs 60,000, Current liabilities Rs 40,000. Calculate the value of inventory.

Option 1: Rs.40,000
Option 2: Rs.20,000
Option 3: Rs.10,000
Option 4:
Rs.22,000

Question : The Current Ratio of a company is 2:1. State, that the following transaction would improve, reduce or alter the current ratio.

Issue of new shares against the purchase of fixed assets.

Question : The Current Ratio of a company is 2:1 . State, that the following transaction would improve, reduce or alter the current ratio.

Purchasing goods on credit.

Question :
From the following data, calculate Inventory Turnover Ratio:
Total Sales Rs. 5,00,000; Sales Return Rs. 50,000;
Gross Profit Rs. 90,000; Closing Inventory Rs. 1,00,000; Excess of Closing Inventory over