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

Question 15 Chapter 4 of +2-B
Q-15- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 15 Chapter 4 of +2-B

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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: – 

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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 3.5
  1.5
  = ₹ 70,000    
Current Liabilities = 30,000 3.5
  1.5
  = ₹ 20,000    

 

What are Liquidity Ratios – Formulas and Examples

 

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Comment if you have any question.

Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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