Question

Current ratio=2.5:1 acid test ratio 1.5:1 current liability = 50000 Find out current asset, liquid asset,inventory

Answer 1

Answer:

current ratio is 2.5:1

current liabilities- 50000

then, current assets is 50000*2.5- 125000

.....

test ratio is 1.5:1

current liabilities is 50000

then, liquid assets is 75000

...

inventory is equal to current assets minus liquid assets... 125000-75000 = 50000

Explanation:

Hope it's help u

@Abhinav

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Answer 2

Current ratio

Explanation:

Given:

Current ratio = 2.5  : 1

Acid-test ratio = 1.5 : 1

Current liabilities = 50,000  

Stock = ?

Current assets = ?  

Liquid assets = ?  

Computation:

Current ratio = Current assets / Current liabilities

2.5 = Current assets / 50,000

Current assets = 2.5 × 50,000

Current assets = 125,000

Acid-test ratio  = (Current assets - Stock) / Current liabilities

1.5 = (125,000 - Stock) / 50,000

75,000 = 125,000 - Stock

Stock = 50,000

Liquid assets = Current assets - Stock

Liquid assets = 125,000 - 50,000

Liquid assets = 75,000

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