Question : Quick Ratio 2.5; Current Assets Rs.1,50,000; Current Liabilities Rs.40,000. The Value of Inventory
Option 1: Rs 60,000
Option 2: Rs 40,000
Option 3: Rs 50,000
Option 4: None of the above.
Answer (1)
11th Jan, 2024
Correct Answer: Rs 50,000
Solution : Answer = Rs 50,000
Quick Ratio= $\frac{\text{Quick Assets}}{\text{Current Liab}}$ = 2.5:1
Q. Ratio= $\frac{2.5}{1}$= $\frac{\text{Quick Assets}}{40,000}$
Q.Assets= 40,000 x 2.5 = 1,00,000
Q.Assets = C. Assets - Stock
1,00,000 = 1,50,000 - Stock; Stock =
50,000.
Hence, the correct option is 3.
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