# Question 32 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question No. 32- Chapter No.4 - T.S. Grewal +2 Book Part B

Question 32 Chapter 4 of +2-B

32. From the following calculate: (Current Ratio; and (ii) Quick Ratio:

 Amount Amount Total Debts 6,00,000 Long-term Borrowings 2,00,000 Total Assets 8,00,000 Long-term Provisions 2,00,000 Fixed Assets( Tangible) 3,00,000 Inventories 95,000 Non-current investment 50,000 Prepaid Expenses 5,000 Long-term loans and Advances 50,000

### The solution of Question 32 Chapter 4 of +2-B: –

 Current Assets = Inventory + Trade Receivables + Cash and Cash Equivalents = 8,00,000 – 3,00,000 – 50,000 – 50,000 Current Assets = Rs. 4,00,000 Current Liabilities = Total Debt – Non-Current Liabilities = 6,00,000 – 2,00,000 – 2,00,000 Current Liabilities = Rs. 20,000 Quick Assets = Current Assets – Inventories – Prepaid Expenses = 4,00,000 – 95,000 – 5,000 Liquid Assets = Rs. 3,00,000

 Current Ratio = Current Assets = Rs.4,00,000 Current Liabilities Rs.2,00,000 = 2: 1

 Liquid Ratio = Liquid Assets = Rs.3,00,000 Current Liabilities Rs.2,00,000 = 1.5: 1

Balance Sheet: Meaning, Format & Examples

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