Question 23 Chapter 4 of +2-B
Table of Contents
Current Ratio and Quick Ratio
23. Current Liabilities of a company are Rs. 1,50,00. Its Current Ratio is 3 : 1
and Acid Test Ratio (Liquid Ratio) is 1: 1. Calculate values of Current Assets, Liquid Assets and Inventory.
The solution of Question 23 Chapter 4 of +2-B: –
| Current Ratio | = | Current Assets | = | 3 |
| Current Liabilities | 1 |
| Liquid Ratio | = | Liquid Assets | = | 1 |
| Current Liabilities | 1 |
| Current Liabilities | = | Rs. 1,50,000 |
| Current Assets | = | 3 x Current Liabilities |
| 3 x 1,50,000 | = | Rs. 4,50,000 |
| Liquid Assets | = | 1 x Rs.1,50,000 |
| = | Rs. 1,50,00 | |
| Inventories | = | Current Assets – Liquid Assets |
| = | Rs. 4,50,000 – 1,50,000 | |
| = | Rs. 3,00,000 |
Balance Sheet: Meaning, Format & Examples
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