Question

. ABC Ltd. Has inventory of Rs 20,000. Total Liquid assets are Rs 1,00,000

and quick ratio is 2:1. Find out value of current Liabilities?​

Answer 1

Answer:

Quick ratio= liquid assets/ current liabilities

Let current liabilities be x

2=100000/x

x=100000/2 =₹50000

Therefore, value of current linabilities is ₹50000

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