current assets and inventory as 31 march current ratio = 2.5 liquid ratio 1.5 current liabilities 300000
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Answered by
1
Explanation:
CR = CA/CL
2.5 = CA/ 3,00,00
CA= 3,00,000 × 2.5 = 7,50,000
LR = LA/CL
1.5 = LA/ 3,00,000
LA= 3,00,000×1.5= 4,50,000
inventory = CA - LA
= 7,50,000 - 4,50,000 = 3,00,000
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Computation of Current assets
Explanation:
Given:
Current ratio = 2.5
Liquid ratio = 1.5
Current liabilities = 300,000
Computation of Current assets:
Current ratio = Current assets / Current liabilities
2.5 = Current assets / 300,000
Current assets = 750,000
Computation of inventory :
Liquid ratio = [Current assets - inventory] / Current liabilities
1.5 = [750,000 - inventory] / 300,000
Inventory = 750,000 - 450,000
Inventory = 300,000
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