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Question 3 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -3 Chapter no - 7 Unimax Class - 12 Part -II
Question No -3 Chapter no - 7 Unimax Class - 12 Part -II

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Question 3  Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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A firm has a current ratio of 3:1. Its net working capital is ₹ 2,00,000. You are required to determine 1. Current Asset 2. Current Liabilities 3. Liquid assets assuming inventory of ₹ 2,20,000.

The solution of Question 3 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –

Current Ratio ==Current Assets=3
 Current Liabilities1
Let current assets= 3 x
Current liabilities= 1 x
Working capitalCurrent assets – current liabilities
2,00,000= 3x – 1x
2,00,000= 2x
 =2,00,000=₹ 1,00,000
x2
Current liabilities= x = ₹ 1,00,000
Current assets= 3x = 3 x 1,00,000 = ₹ 3,00,000
Quick assets= Current assets – stock
 = 30,00,000 – 2,20,000
 = 80,000 Ans.

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