Question

current ratio 3:1 quick ratio 1:1 current asset₹45000 calculate liquid assets and current liabilities​

Answer 1

Answer:

Explanation:

Solution :

• Current Ratio = 3:1
• Quick Ratio = 1:1
• Current Assets = ₹45,000

To find :

• Liquid Assets and Current Liabilities

• Current Ratio = 3:1

★ Current Ratio =

$\sf{\dfrac{ Current \: Assets}{Current \: Liabilities}}$

3 : 1 = Current Assets / Current Liabilities

$\sf{\dfrac{3}{1} = \dfrac{ Current \:Assets}{Current \: Liabilities}}$

Let,

Current Liabilities = x

⇒ $\sf{\dfrac{3}{1} = \dfrac{45,000}{x}}$

⇒ 3x = 45,000

⇒ x = 45,000 / 3

⇒ x = 15,000

Current Liabilities = 15,000

__________________________

• Quick Ratio = 1:1

★ Quick Ratio =

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

⇒ $\sf{\dfrac{Liquid \: Assets}{15,000} = \dfrac{1}{1}}$

Liquid Assets = 15,000

Therefore, Liquid Assets = 15,000 and Current Liabilities = 15,000