Question 3 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
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 Liabilities | 1 |
Let current assets | = 3 x |
Current liabilities | = 1 x |
Working capital | Current assets – current liabilities |
2,00,000 | = 3x – 1x |
2,00,000 | = 2x |
= | 2,00,000 | = | ₹ 1,00,000 | |
x | 2 |
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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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
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