Question

current assets ( including Inventories Rs. 40,000) Rs. 1,20,000, current liabilities Rs. 80,000.
calculate:
i) current ratio
ii) quick ratio​

Answer 1

Answer:

current ratio= CA/CL

CA=120000

CL=80000

= 120000/80000

=3:2

quick ratio=CA- inventory /CL

quick asset=120000-40000

= 80000/80000

= 1:1

Answer 2

Ratio

Explanation:

Given:

Current assets = 1,20,000

Inventories = 40,000

Current liabilities = 80,000

Commutation of Current ratio:

Current ratio = Current assets / Current liabilities

Current ratio = 1,20,000 / 80,000

Current ratio = 1.5 : 1

Quick ratio = Quick assets / Current liabilities

Quick ratio = (Current assets - Stock) / Current liabilities

Quick ratio = (1,20,000 - 40,000) / 80,000

Quick ratio = 80,000 / 80,000

Quick ratio = 1 : 1

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