Question

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


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Answer 1

Current RatioCurrent 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.AC.L = 60000

2.5 C.L-CL = 60000

C.L = Rs.40000

Now, C.A 2.5 x 40000 = Rs.100000

(a)current assets.

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Answer 2

Answer:

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Step-by-step explanation:

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drop some thanks please...itz Rijit.