English, asked by harshadoolani, 4 months ago

7. What is the value of Inventory ? If Quick Ratio is 1.8, Current Assets Rs. 80,000, Current Liabilities Rs. 30,000.*

2 points

Answers

Answered by vikramrawat123

1

Answer:

Current assets = Stock + Debtors +BR + Advance tax + Cash

= 100000 + 80000 + 20000 + 8000 + 60000

= 268000

Current Liabilities = Creditors + BP + Bank OD

= 120000 + 80000 + 8000

= 208000

Quick assets = Current assets - stock

= 268000 - 100000

= 168000

Current ratio = Current Assets / Current Liabilities

= 268000/208000

= 1.28

Quick ratio = Quick assets / Current Liabilities

= 168000/200000

= 0.84

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