if x company limited's current ratio is 5.5:1 and quick ratio is 4:1 ,inventory is Rs 30000 .what are its current liabilities?
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Answered by
4
if x company limited's current ratio is 5.5:1 and quick ratio is 4:1 ,inventory is Rs 30000 .what are its current liabilities?
Explanation:
current ratio is 5.5:1 and
quick ratio is 4:1
inventory is Rs 30000
current liabilities?
Solution :
Current ratio = CA / CL = 5.5:1
Suppose,Current Liabilities be x
Current assets = 5.5x
Quick assets = 4x
Inventory = Current assets-Quick assets
=> Rs 30,000 = 5.5x - 4x
=> Rs 30,000 = 1.5x
=>x = 30,000/1.5
=>x = 20,000
=> current liabilities = 20,000
Therefore,current liabilities = 20,000
Answered by
432
Given :
- → x company limited's current → ratio = 5:5:1
- → x company limited's quick ratio = 4:1
- → Inventory of x company = ₹30,000
Need to Find :
- → what are its current liabilities?
Formula Used Here ;
- → Inventory = Current Assets - Quick Assets
According to Question :
- → Inventory = Current Assets - Quick Assets
- → ₹30,000 = 5.5x - 4x
- → x = ₹30,000 / 1.5
- → x = 20,000
Therefore :
- → The current liabilities of x company is Rs 20,000
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