Question

current asset = 300000 current ratio = 3:1 liquid ratio = 2:1
find out
current liabilities
liquid assets
inventory ​

Answer 1

Given,

Current asset = Rs. 300000

Current ratio = 3:1

Liquid ratio = 2:1

To find,

1. Current liabilities
2. Liquid assets
3. Inventory ​

Solution,

Current liabilities

Current ratio = $\frac{Current assets}{Current liabilities}$

3:1 = $\frac{3,00,000}{Current liabilities}$

Current liabilities = $\frac{3,00,000}{3}$

Current liabilities = Rs. 1,00,000

Liquid assets

Liquid ratio = $\frac{Liquid assets}{Current liabilities}$

2:1 = $\frac{Liquid assets}{1,00,000}$

Liquid assets = Rs. 2,00,000

Inventory

Inventory = Current assets - Liquid assets

                = 3,00,000 - 2,00,000

                = Rs. 1,00,000