Question

16. Liquid ratio is is 1. Current
liabilities is rupees 45000. Find out
current assets when inventory is
rupees 10000 & pre-paid expenses
rupees 5000. *
O 60000
O 35000
O 90000
0 45000​

Answer 1

Answer:

Answer is 60000

Explanation:

Refer the photo

Answer 2

Explanation:

Liquid ratio is 1

Current liabilities is rupees 45,000

Inventory is rupees 10,000

Pre-paid expenses rupees 5000.

Solution :

Liquid ratio =

$\frac{Liquid \: Assets }{Current \: Liabilities} = 1$

$\frac{Liquid \: Assets }{45000} = 1$

Liquid Assets = 45,000 × 1

Liquid Assets = Rs. 45,000

Current Assets = Liquid Assets + Inventory + Pre-paid expenses

Current Assets = 45,000 + 10,000 + 5,000

Current Assets = Rs. 60,000

Therefore, (option) 60000

Current Assets = Rs. 60,000