Question

if èvershine company Ltd current liabilities are 50000 quick ratio is 2 :1 inventory is 25000 calculate current assets ​

Answer 1

Answer:

Current Assets = 1,25,000

Step-wise answer is in attachment ✌

Answer 2

Answer:

Current Assets is 1,25,000

Explanation:

Given :

Current Liabilities = 50,000

Quick Ratio = 2 : 1

Inventory = 25,000

To find :

Calculate Current Assets

Solution :

Quick Ratio =

$\dfrac{Quick \: Assets}{Current \: Liabilities} = \dfrac{2}{1}$

Current Liabilities = 50,000

$\dfrac{Quick \: Assets}{50,000} = \dfrac{2}{1}$

Quick Assets = 50,000 × 2

$\longrightarrow$ 1,00,000

Quick Assets = Current Assets - Inventory

$\longrightarrow$ 1,00,000 = Current Assets - 25,000

$\longrightarrow$ 1,00,000 + 25,000 = Current Assets

$\longrightarrow$ 1,25,000 = Current Assets

Current Assets = 1,25,000

Therefore,

Current Assets is 1,25,000