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