Question

Current ratio = 2.5 : 1 Current Liabilities = Rs. 1,60,000 Quick Ratio = 1.5 : 1 Calculate value of current assets, quick assets & inventory.​

Answer 1

Answer:

Explanation:

Current Ratio = 2.5:1

Current Ratio = Current Assets/Current Liabilities

$\frac{Current \: assets}{160000} = \frac{2.5}{1}$

Current Assets = 1,60,000×2.5

Current Assets =4,00,000

Quick asset :

Quick Ratio = 1.5 : 1

Quick Ratio = Quick Assets/Current Liabilities

$\frac{Quick \: assets}{160000} = \frac{1.5}{1}$

Quick Assets = 1,60,000×1.5

Quick Assets = 2,40,000

Inventory =

Inventory= Current Assets-Quick Assets

Inventory= 4,00,000 - 2,40,000

Inventory= 1,60,000

Hence, Current Assets = 4,00,000, Quick Assets = 2,40,000 & Inventory= 1,60,000

Answer 2

Explanation:

★ Current Assets :

Current Ratio = 2.5 : 1

Current Ratio =

$\longrightarrow{\sf{\dfrac{Current \: Assets}{Current \: Liabilities} \: = \: \dfrac{2.5}{1}}}$

$\longrightarrow{\sf{\dfrac{Current \: Assets}{1,60,000} \: = \: \dfrac{2.5}{1}}}$

$\longrightarrow$ Current Assets = 1,60,000 × 2.5

$\longrightarrow$ 4,00,000

Current Assets = 4,00,000

__________________

★ Quick Assets :

Quick Ratio = 1.5 : 1

Quick Ratio =

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

$\sf{\longrightarrow{\dfrac{Quick \: Assets}{1,60,000} \: = \: \dfrac{1.5}{1}}}$

$\longrightarrow$ Quick Assets = 1,60,000 × 1.5

$\longrightarrow$ 2,40,000

Quick Assets = 2,40,000

__________________

★ Inventory :

$\longrightarrow$ Quick Assets = Current Assets - Inventory

$\longrightarrow$ Inventory = Current Assets-Quick Assets

$\longrightarrow$ 4,00,000 - 2,40,000

$\longrightarrow$ 1,60,000

Inventory = 1,60,000

Therefore,

• Current Assets = 4,00,000,
• Quick Assets = 2,40,000 and
• Inventory= 1,60,000