Question

current ratio 2:1 quick ratio 1:1 current assets 400000.... inventory is?​

Answer 1

Answer:200000

Explanation:

Current asset (-) liquid asset = Stock + Prepaid expenses+ debtor (>3 months)

Answer 2

Inventory = 2,00,000

Explanation:

Given:

Current ratio = 2:1

Quick ratio = 1:1

Current assets = 4,00,000

Computation:

Current ratio = Current assets / current liabilities

2 = 4,00,000 / Current liabilities

Current liabilities = 2,00,000

Quick ratio = (Current assets - inventory) / Current Liabilities

1 = (4,00,000 - Inventory) / 2,00,000

2,00,000 = 4,00,000 - Inventory

Inventory = 4,00,000 - 2,00,000

Inventory = 2,00,000

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