if current ratio is 1.6:1, liquid ratio is 1.2:1 and working capital is 300000. find out the value of current liabilities and stock.
Answers
Answered by
0
Answer:
working capital = current Assets - current liabilities
let it be current liabilities X
working capital = CA - CL
3,00,000 = 1.6x - 1x
3,00,000=0.6x
X = 3,00,000÷0.6
X= 5,00,000
current assets = 1.6×5,00,000
current assets = 8,00,000
liquid assets = 1.2×5,00,000
liquid assets = 6,00,000
stock = CA-LA
stock = 8,00,000-6,00,000
stock=2,00,000
Similar questions
Science,
6 months ago
Political Science,
6 months ago
Social Sciences,
6 months ago
Social Sciences,
1 year ago
Math,
1 year ago
Math,
1 year ago