Accountancy, asked by bhattpradeep05, 7 months ago

0. 17. Current Ratio 24, Current Assets 1,81,10,400, Inventories 79,23,300
Calculate the Liquid Ratio . Ans. Liquid Ratio 1.35.)​

Answers

Answered by Mrnobaday
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

Top answer

Answered by gauripatel99
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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