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Question 2 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No - 2 Chapter no - 7 Unimax Class - 12 Part -II
Question No - 2 Chapter no - 7 Unimax Class - 12 Part -II

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Question 2  Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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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 Liabilities1
Quick Ratio =Quick Assets=2
 Current Liabilities1
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
x1.5
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.

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