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Question 8 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -8 Chapter no - 7 Unimax Class - 12 Part -II
Question No -8 Chapter no - 7 Unimax Class - 12 Part -II

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Question 8 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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X Ltd. has a current ratio 3.5:1 and quick ratio of 2:1. If the stock is ₹ 24,000, calculation total current liabilities and current assets.

The solution of Question 8 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
 Le t Current liabilities= 1 x
Quick assets= 2x
Stock= C.A. – Q.A.
24,000= 3.5x -2x
X=24,000=₹16,000
 1.5
Current liabilities= x = ₹ 16,000
Current assets= 3.5x – 3.5 = 16,000
 = ₹ 56,000 Ans.

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