Question

Calculate current assets of a company from the following information:
Inventory turnover ratio = 4 times
Inventory at the end is Rs. 20,000 more than the inventory in the beginning.
Revenue from Operations Rs. 3,00,000 and gross profit ratio is `20%` of revenue from operations.
Current liabilities = Rs. 40,000
Quick ratio = 0.75 : 1

Answer 1

Answer: Current assets =Quick assets + inventory

=Rs 30000+Rs 66250 =Rs 96250

Gross profit =Rs300000×25100=Rs75000=Rs300000×25100=Rs75000

Cost of revenue from operation (cost of goods sold )

=Revenue from operations-Gross profit

=Rs 30000-Rs 750000=Rs 225000

Inventroy Turnover Ratio=Cost of Revenue from operation (cost of goods sold)Average inventoryCost of Revenue from operation (cost of goods sold)Average inventory

Average inventroy=opening inventory +closing inventory2opening inventory +closing inventory2

Let the opening inventroy be x, closing inventory =x+Rs 20000

4=Rs225000x+x+Rs200024=Rs225000x+x+Rs20002

4x+4x+Rs 80000=Rs 450000

x=Rs 46250 (opening inventory)

Closing inventroy =Rs 46250+Rs 20000=Rs 66250

Quick ratio =Quick AssetsCurrent LiabilitiesQuick AssetsCurrent Liabilities

0.75=Quick assetsRs400000.75=Quick assetsRs40000

Quick assets =Rs 30000

Explanation: Mark Me As BRAINLIEST Please

Answer 2

Answer:

1,00,000

Explanation:

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