Question

Calculate Current Ratio if Stock is ? 6,00,000; Liquid Assets Rs. 24,00,000; Quick Ratio 2:1.

Answer 1

quick ratio = liquid asset/current liability

2/1 = 2400000/ CL

CL = 2400000/2

CL =1200000

Current assets = liquid asset- stock

2400000-600000

1800000

current ratio= current asset/current liability

1800000/1200000

1.5: 1

Answer 2

Current ratio = 2.5 : 1

Explanation:

Given:

Stock = 6,00,000

Liquid Assets (Quick assets) = 24,00,000

Quick ratio = 2:1

Calculation:

Quick ratio = Liquid Assets (Quick assets) / Current liabilities

2 = 24,00,000 / Current liabilities

Current liabilities = 24,00,000 / 2

Current liabilities = 12,00,000

Current assets = Liquid Assets (Quick assets) + Stock

= 24,00,000 + 6,00,000

= 30,00,000

Current Ratio = Current assets / Current liabilities

= 30,00,000 / 12,00,000

=  2.5 : 1

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