Question

Current ratio 3:1 , working capital 400000 , inventory 250000 . Calculate current asset , current liability , quick ratio​

Answer 1

Current Ratio = 3:1

$\frac{current \: assets}{current \: liabilities}$

Let Current Assets be '3x' and

Current Liabilities be 'x'

Working Capital= Current Assets - Current Liabilities

4,00,000= 3x-x

4,00,000= 2x

Current Liabilities= x= 2,00,000

Current Assets= 3x= 3×2,00,000= 6,00,000

Quick Assets= Current Assets - Inventory

= 6,00,000 - 2,50,000

= 3,50,000

Quick Ratio=

$\frac{quick \: assets}{current \: liabilities}$

=

$\frac{350000}{200000}$

= 1.75:1

I hope the answer is correct

Answer 2

Current liabilities = 2,00,000

Current assets = 600,000

Quick ratio  = 1.7 5

Explanation:

Given:

Current ratio = 3 : 1

Working capital = 400,000  

Inventory = 250,000

Quick ratio = ?

Current assets = ?  

Current liabilities = ?  

Computation:

$Working\ capital = Current\ assets - Current\ Liabilities$

400,000 = Current assets - Current Liabilities

Current assets = 400,000 + Current liabilities

Current ratio = Current assets / Current liabilities

3 = (400,000 + Current liabilities) / Current liabilities

3 Current liabilities = 400,000 + Current liabilities

2 Current liabilities = 400,000

Current liabilities = 200,000

Current assets = 400,000 + Current liabilities

Current assets = 400,000 + 200,000

Current assets = 600,000

Quick ratio  = (Current assets - Stock) / Current liabilities

Quick ratio  = (600,000 - 250,000) / 2,00,000

Quick ratio  = 350,000 / 2,00,000

Quick ratio  = 1.7 5

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