Question

A ltd. has a current ratio of 3.5:1 and quick ratio of 2:1 . if the inventory is 30 000 . find out its current assets and total current liabilities

Answer 1

Quick asstes =current asstes -inventory
Current ratio= 3.5:1
Quick ratio =2:1
than current assets =3.5×2000 (30000÷1.5)=70000
Quick assets =70000-30000=40000

Answer 2

Answer:

Quick Assets=40000...

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