Question 15 Chapter 4 of +2-B

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=30,0003.5
 1.5
 =₹ 70,000  
Current Liabilities=30,0003.5
 1.5
 =₹ 20,000  

 

What are Liquidity Ratios – Formulas and Examples

 

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

2 Book 3 min 225x300 - Question 15 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

Leave a Reply

About us

About us, we are here to improve your knowledge in all financial & Business related topics and to get better carrier opportunities. The author has about 10-year Experience in tuition Business. It is very difficult to teach a large number of students with a personal touch or in a classroom. 

Animation's Resource websites

All Icons and images used on my website were downloaded from the following website please go and download free:-

close