Accountancy, asked by sonugupta57hi5, 2 days ago

(i) Calculate Current Ratio from the following:- Stock RS 300000, Debtors Rs 50000, Cash Bal Rs 250000, Creditors Rs 150000, Bank loan RS 50000.

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Answered by aditimaji2011
0

Answer:

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Calculate current ratio and quick ratio from the following information.

Stock Rs.1,00,000

Debtors Rs. 80,000

Bills receivables Rs. 20,000

Advance Tax Rs. 8,000

Cash Rs. 60,000

Creditors Rs.1,20,000

Bills payable Rs. 80,000

Bank overdraft Rs. 8,000

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Solution

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Current assets = Stock + Debtors +BR + Advance tax + Cash

= 100000 + 80000 + 20000 + 8000 + 60000

= 268000

Current Liabilities = Creditors + BP + Bank OD

= 120000 + 80000 + 8000

= 208000

Quick assets = Current assets - stock

= 268000 - 100000

= 168000

Current ratio = Current Assets / Current Liabilities

= 268000/208000

= 1.28

Quick ratio = Quick assets / Current Liabilities

= 168000/200000

= 0.84

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