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if current ratio=2.5 : 1
liquid ratio= 1:1
closing stock=rs 45000
calculate
current assets
current liabilities
liquid assets
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Answer Posted / lana
Current Ratio= Current Assets(C.A)/Current Liabilities(C.L.)
Liquid Ratio = Quick Assets(Current Assets - Inventory)/ Current Liabilities
* (C.A - 45000)/ C.L. = 1
* C.A./C.l. - 45000/C.l. = 1
* 2.5/1 - 45000/c.l. = 1
* 1.5 = 45000/ C.L.
* C.L = 45000/1.5
* C.L = 30000
* C.A. / C.L. = 2.5/1
* C.A. = 30000 * 2.5
* C.A. = 75000
Liquid assets = Current assets - Inventory
= 75000 - 45000
= 30000
| Is This Answer Correct ? | 10 Yes | 1 No |
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