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Question 14 Chapter 7 - Unimax Publication Class 12 Part 2 - 2021
Current assets of a company are ₹ 5,00,000: Current ratio 2.5:1 and quick ratio 1:1. Calculation the value of current liabilities, liquid asset and stock.
| Current Ratio = | = | Current Assets |
| Current Liabilities |
| 2.5 | = | 5,00,000 | |
| 1 | Current Liabilities |
| C.L | = | 5,00,000 |
| 2.5 | ||
| = | ₹ 2,00,000 Ans. |
| Quick Ratio | = | Quick Assets |
| Current Liabilities |
| 1 | = | Quick assets | |
| 1 | 2,00,000 | ||
| Q.A. | = | ₹ 2,00,000 Ans. |
| Stock | = Current assets – quick assets |
| = 5,00,000 – 2,00,000 | |
| = ₹ 3,00,000 Ans. |
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Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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