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Question 22 Chapter 4 of +2-B
Current Ratio and Quick Ratio
22. Current Ratio 4; Liquid Raito 2.5; Inventory Rs. 6,00,000. Calculate Current Liabilities, Current Assets and Liquid Assets.
| Current Ratio | = | Current Assets | = | 4 |
| Current Liabilities | 1 |
| Quick Ratio | = | Quick Assets | = | 2.5 |
| Current Liabilities | 1 |
| Inventories | = | 6,00,000 |
| Let Current Liabilities | = | x |
| Current Assets | = | 4x |
| Liquid Assets | = | 2.5x |
| Inventories | = | Current Assets – Quick Assets |
| Rs. 6,00,000 | = | 4x – 2.5x |
| Rs. 6,00,000 | = | 1.5x |
| x | = | Rs. 4,00,000 |
| Current Liabilities | = | x = Rs. 4,00,000 |
| Current Assets | = | 4 x 4,00,000 |
| = | Rs. 16,00,000 |
| Liquid Assets | = | 2.5 x Rs. 4,00,000 |
| = | Rs. 10,00,00 |
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Accounting & Commerce Educator
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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