Question

Current ratio = 2:1, Quick ratio 0.5:1, current liabilities 2 200000. Find out (a) current assets (b) Quick assets​

Answer 1

Answer:

Correct option is

C

Rs.1,00,000

Current Ratio = Current Assets (C.A)/ Current Liabilities (C.L)  = 2.5

So, CA= 2.5 CL

Now, Working Capital = Current Assets(C.A) minus Current Liabilities (C.L) = Rs.60000

So, C.A - C.L = 60000

       2.5 C.L-CL = 60000

        C.L = Rs.40000

Now, C.A = 2.5 x 40000 = Rs.100000

Step-by-step explanation:

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Answer 2

Current Ratio = Current Assets (C.A)/ Current Liabilities (C.L)  = 2.5

So, CA= 2.5 CL

Now, Working Capital = Current Assets(C.A) minus Current Liabilities (C.L) = Rs.60000

So, C.A - C.L = 60000

       2.5 C.L-CL = 60000

        C.L = Rs.40000

Now, C.A = 2.5 x 40000 = Rs.100000