0. 17. Current Ratio 24, Current Assets 1,81,10,400, Inventories 79,23,300
Calculate the Liquid Ratio . Ans. Liquid Ratio 1.35.)
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8
Answer:
Particulars, Rs. Current liabilities. Trade receivables. Cash in hand. Cash at Bank Inventories Advance Tax, 50,000 30,000 10,00 0 10,000
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1
Answer:
Current ratio = Current asset / Current liabilities
= 80000/50000 = 1.6
Quick ratio = Quick assets / Current liabilities
= 60000/ 50000 = 1.2
Current Assets = Trade receivables + Cash in hand + Cash at Bank + Inventories + Advance Tax
= 30000 + 10000 + 10000 + 20000 + 1000 = 80000
Quick Assets = Current Assets - Inventories = 80000-20000 = 60000
Current Liabilities = 50000.
Hope it helps....!!
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