Question 15 Chapter 4 of +2-B - USHA Publication 12 Class

Question 15 Chapter 4 of +2-B

I. Liquidity Ratios

15. (Current Ratio & Quick Ratio given ) A Ltd. has a current ratio of 3.5 : 1 and acid test ratio of 2 : 1. If the inventory is ₹ 30,000, find out its total current assets and total current liabilities.

The solution of Question 15 Chapter 4 of +2-B: –

Solution: – (a)

Current Ratio	=	3.5 : 1
Acid Test Ratio	=	2 : 1
Inventories	=	Current Assets –Quick Assets
	=	3.5 – 2
₹ 30,000	=	1.5

Current Assets	=	30,000	X	3.5
	=	1.5	X	3.5
	=	₹ 70,000

Current Liabilities	=	30,000	X	3.5
	=	1.5	X	3.5
	=	₹ 20,000

What are Liquidity Ratios – Formulas and Examples

Comment if you have any question.

End of Solution

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