Question

Current ratio 2.8:1 , liquid ratio 1.6:1 , inventory 48000 calculate current asset, current liabilities and liquid asset

Answer 1

Explanation:

Current ratio = 2.8:1

Current Ratio : Current assets/Current liabilities =2.8/1

Let,Current liabilities be x

Current assets = 2.8x

Liquid ratio = 1.6:1

Liquid ratio = Liquid assets/current liabilities = 1.6/1

Liquid assets = 1.6x

Inventory = Rs. 48,000

Inventory = Current assets - Liquid assets

48,000 = 2.8x - 1.6x

48,000 = 1.2x

x = 48,000/1.2

x = 40,000

Current liabilities = Rs. 40,000

Current assets = 2.8x

= 2.8 × 40,000

= 1,12,000

Current assets = Rs. 1,12,000

Liquid assets = 1.6x

= 1.6 × 40,000

= 64,000

Liquid assets = Rs 64,000

Hence,

Current assets = Rs. 1,12,000

Current liabilities = Rs. 40,000

Liquid assets = Rs 64,000

Answer 2

Question:-

Current ratio 2.8:1 , liquid ratio 1.6:1 , inventory 48,000 calculate current asset, current liabilities and liquid asset.

Given:-

• Current ratio = 2.8:1.

• Liquid ratio = 1.6:1.

• Inventory = 48,000.

To Find:-

● Calculate current asset, current liabilities and liquid asset.

Solution:-

Current ratio = 2.8:1.

$\sf \boxed{ \boxed{ { \blue{ \sf{ \underline{current \: ratio = \frac{current \: assets}{current \: liabilities } = \frac{2.8}{1} }}}}}}$

Let, current liabilities be x,

current assets = 2.8 x.

liquid ratio = 1.6:1.

liquid assets = 1.6 x.

Inventory = ₹48,000.

$\sf \boxed{ \boxed{ { \red{ \sf{ \underline{ Inventory = current \: assets \: – \: Liquid \: assets}}}}}}$

48,000 = 2.8 x – 1.6 x.

$\sf\Large \purple{x = \frac{48,000}{1.2} }$

Current liabilities x = 40,000.

current assets = 2.8 x = 2.8 × 40,000 = 1,12,000.

Liquid assets = 1.6 x = 1.6 × 40,000 = 64,000.

Answer:-

• Current liabilities = 40,000.

• Current assets = 1,12,000.

• Liquid assets = 64,000.

Hope you have satisfied. ⚘