Current ratio is 3.5:1 and Quick ratio is 2:1. Excess of current assets over quick assets represented by inventory is Rs 24000. Find current assets and current liabilities.
What would be the impact on quick ratio if there was a further increase in inventory on credit by Rs 6000 with reason.
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X Ltd. , has a current ratio of 3.5:1 and quick ratio of 2:1 If excess of current assets over quick assets represented by inventories is Rs. 24,000, calculate current assets and current liabilities. Current Assets = 3.5x = 3.5× Rs. 16,000 = Rs,56,000.
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Keeping the mill sector loomage low helps the poor weavers to earn and face the competition with the mass products. The powerloom and handloom will help to provide employment in the rural areas and reduce the migration of villagers to the cities.
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