Question

b) Calculate: a) Current asset b) Liquid assets
c) Inventory
Current ratio
= 2.6:1
Liquid ratio
1.5: 1
Current liabilities
- Rs. 40.000​

Answer 1

Answer:

(i) Current Asset = Rs 1,04,000

(ii) Liquid Assets = Rs 60,000

(iii) Inventory = Rs 44,000

Explanation:

Given :

Current ratio = 2.6 : 1

Liquid ratio = 1.5 : 1

Current liabilities = Rs.40,000

To find :

(i) Current asset

(ii) Liquid assets

(iii) Inventory

Solution :

★ (i) Current Asset :

Current Asset = 40,000 × 2.6

1,04,000

Current Asset = Rs 1,04,000

_________________________

★ (ii) Liquid Assets :

40,000 × 1.5

60,000

Liquid Assets = Rs 60,000

_________________________

★ (iii) Inventory :

Liquid Assets = Current Assets - Inventory

60,000 = 1,04,000 - Inventory

Inventory = 1,04,000 - 60,000

44,000

Inventory = Rs 44,000

∴ (i) Current Asset = Rs 1,04,000

(ii) Liquid Assets = Rs 60,000

(iii) Inventory = Rs 44,000

PLEASE MARK ME AS Brainliest