Question

current assets of a company are 900000 it's current ratio is 3.00 and liquid ratio is 1.20 calculate current liabilities, liquid assets and inventory​

Answer 1

Let the current liabilities be x

3=900000/ x

= 3x=900000

X=300000

2.

let the liquid assets be y

= 1.20 = y/300000

=1.20y = 300000

= y =25000

3.

inventory = 900000-250000

= 650000

I hope it will help you

Answer 2

Current Liabilities = 300,000

Explanation:

Given:

Current assets = 900,000

Current ratio = 3

Liquid ratio = 1.20

Computation:

Current ratio = Current assets / Current Liabilities

3 = 900,000 / Current Liabilities

Current Liabilities = 900,000 / 3

Current Liabilities = 300,000

Liquid ratio = (Current assets - Inventory) / Current Liabilities

1.2 = (900,000 - Inventory) / 300,000

360,000 = 900,000 - Inventory

Inventory = 540,000

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