Question 2 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
X Ltd. has current ratio 3.5:1 and quick ratio of 2:1. If its inventory is ₹ 30,000. Find out its current assets, current liabilities and quick ratio
The solution of Question 2 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
| Current Ratio = | = | Current Assets | = | 3.5 |
| Current Liabilities | 1 |
| Quick Ratio | = | Quick Assets | = | 2 |
| Current Liabilities | 1 |
| Let current assets | = 3.5 x |
| Quick assets | = 2 x |
| Current liabilities | = 1 x |
| Stock | = Current Assets -Quick Assets |
| 30,000 | = 3.5 x -2x |
| 30,000 | = 1.5x |
| = | ₹ 30,000 | = | ₹ 20,000 | |
| x | 1.5 |
| Current liabilities | = 1x = ₹ 20,000 |
| Quick assets | = 2x = 2 x 20,000 = ₹ 40,000 |
| Current assets | = 3.5x = 3.5 x 20,000 = ₹ 70,000 Ans. |
Thanks, Please Like and share with your friends
Comment if you have any Doubts.
Accounting Ratios – Meaning and Definition
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication
Advertisement-X