Question

Current ratio 2:1
Quick ratio 1.5:1
Current liabilities 1,60,000
find Current Assets Quick Assets
Inventory​

Answer 1

Explanation:

Current ratio = 2:1

Current liabilities 1,60,000

Current ratio = current assets/current liabilities=2/1

Current liabilities 1,60,000

Current Assets = 1,60,000×2

Current Assets = 3,20,000

Quick ratio 1.5:1

Quick ratio= Quick assets/current liabilities = 1.5/1

Quick assets= 1,60,000×1.5

Quick assets= 2,40,000

Inventory= 3,20,000-2,40,000

Inventory= 80,000

Answer 2

Answer:

• Current Assets = 3,20,000
• Quick Assets = 2,40,000
• Inventory = 80,000

Explanation:

Current Ratio = 2 : 1

Current Liabilities = 1,60,000

Quick Ratio = 1.5 : 1

$\sf{\underline{Current\:Ratio}= \dfrac{Current \:Assets}{Current \: Liabilities} = \dfrac{2}{1}}$

$\sf{\longrightarrow{\dfrac{Current \:Assets}{160000} = \dfrac{2}{1}}}$

Current Assets = 1,60,000 × 2

Current Assets = 3,20,000

Quick Ratio = 1.5 : 1

$\sf{\underline{Quick\:Ratio}=\dfrac{Quick \: Assets}{Current \: Liabilities } \: = \: \dfrac{1.5}{1}}$

$\longrightarrow{\sf{\dfrac{Quick \: Assets}{160000 } \: = \: \dfrac{1.5}{1}}}$

Quick Assets = 1,60,000 × 1.5

Quick Assets = 2,40,000

Quick Assets = Current Assets - Inventory

2,40,000 = 3,20,000 - Inventory

Inventory = 3,20,000 - 2,40,000

Inventory = 80,000

∴ Current Assets = 3,20,000

Quick Assets = 2,40,000

Inventory = 80,000