Current liabilities of a company are rupees 500000 current ratio is 2.5:1 and quick ratio is 2:1. Find the value of the inventories
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Answer: Current ratio=current assets/current liabilities
1,250,000
Quick ratio= quick assets / current liabilities 2.00
1000000
Inventories 250,000
Explanation:
Current ratio=current assets/current liabilities
1,250,000
Quick ratio= quick assets / current liabilities 2.00
1000000
Inventories 250,000
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