Accountancy, asked by dhfgduydi5263, 8 months ago

Current libility of a company are 160000.its liq ratio is 1.5:1 and current ratio is 2.5:1. Calculate quick asset and current assets.

Answers

Answered by KMANASVI
1

Answer:

Net working capital = Current assets - Current liabilities

Rs.30000 = Current assets - Current liabilities

Therefore, Current assets = Current liabilities + Rs.30000

Current ratio = Current assets/ Current liabilities

2.5 = [Current liabilities + Rs.30000] / Current liabilities

2.5 Current liabilities = Current liabilities + Rs.30000

Current liabilities = Rs.30000/1.5

Therefore, Current liabilities = Rs.20000

Now,

Current assets = Current liabilities + Rs.30000

= Rs.20000+Rs.30000

=Rs.50000

Now, Quick Ratio = Quick Assets/ Current liabilities

1.5 = Quick Assets/ 20000

Therefore,

Quick Assets = Rs.30000

Quick Ratio = Quick Assets/ Current liabilities

Quick Ratio = [Current Assets - Stock ]/ Current liabilities

1.5 = [50000 - Stock] / 20000

Stock = 50000−30000

= Rs.20000

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