Question

7. Calculate quick ratio ; total current liabilities 4,80,000 ; Total current assets 9,00,000 ; Inventories 1,40,000 ; prepaid expenses 2,20,000


answer this question fastly it's urgent​

Answer 1

Answer:

Quick Ratio = (Quick Assets)/(Current liabilities)

Quick assets = Current assets – Inventories – Prepaid expenses

= Rs. 8,00,000 – (1,40,000 – 60,000)

= Rs. 6,00,000

∴ Quick ratio = 600000/400000

= 6:4

= 3:2 = 1.5:1

Answer 2

Answer:

Quick Ratio = (Quick Assets)/(Current liabilities)

Quick assets = Current assets – Inventories – Prepaid expenses

= Rs. 8,00,000 – (1,40,000 – 60,000) = Rs. 6,00,000

∴ Quick ratio = 600000/400000

= 6:4

= 3:2 = 1.5:1

Explanation:

hope it helps you

mark me brainliest