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.
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.
Question : A firm has a Current Ratio of 3.5: 1 and a Quick Ratio of 2: 1. If its inventory is Rs.75,000, total current assets and total current liabilities are
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 ___________.
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