Question

Current liability 30000
Current ratio 2.25 times
and Liquid ratio 1.25 times

calculate current asset
liquid asset and stock in trade?​

Answer 1

Answer:

current ratio = current assets/ current liability

2.25= C.A./30000

C.A.=30000×2.25

=67500

liquid ratio = liquid assets/current liability

1.25= L.A./30000

L.A.= 30000×1.25

= 37500

stock = current asset- liquid assets

= 67500-37500

=30000

Answer 2

Current Assets = 75000

Liquid Assets = 37500

Stock = 37500

Explanation:

Solution :

$\sf{Current Ratio = \dfrac{Current \:Assets}{Current \: Liabilities } = \dfrac{2.25}{1}}$

Current Liabilities = 30000

$\Rightarrow{\sf{Current Ratio = \dfrac{Current \: Assets }{30000} = \dfrac{2.25}{1}}}$

Current Assets = 30000 × 2.25

⇒ 75000

Current Assets = 75000

___________________________

$\sf{Liquid \: Ratio = \dfrac{Liquid\: Assets}{Current\:Liabilities} = \dfrac{1.25}{1}}$

$\sf{Liquid \: Ratio = \dfrac{Liquid\:Assets}{30000} = \dfrac{1.25}{1}}$

Liquid Assets = 30000 × 1.25

⇒ 37500

Liquid Assets = 37500

____________________________

Liquid Assets = Current Assets - Stock

⇒ 37500 = 75000 - Stock

⇒ Stock = 75000 - 37500

⇒ 37500

Stock = 37500

Therefore,

Current Assets = 75000

Liquid Assets = 37500

Stock = 37500