Accountancy, asked by Zindadil2876, 11 months ago

Current ratio 4.5 quick ratio 3.1 inventory rupees 36000 calculate current asset and current liabilities

Answers

Answered by jinu72
0

Let CL be x then CA be 4.5x

put the values in quick ratio formula

CA you will get 115714

CL 25714

Answered by PiaDeveau
1

72,000

24,000

Explanation:

Given:

Current ratio = 4.5

Quick ratio = 3

Inventory = 36,000

Current asset = ?

Current liabilities = ?

Computation:

Quick ratio = (Current asset - Inventory) / Current liabilities

3.1 Current liabilities = Current asset - 36,000 ....... Eq 1

Current ratio = Current asset / Current liabilities

4.5 = Current asset / Current liabilities

4.5 current liabilities = Current asset.........Eq 2

Eq2 - Eq1

1.5 current Liabilities = 36,000

Current Liabilities = 24,000

Current Asset = 3 x 24,000 = 72000

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