Question

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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Thanks na bolo re xD ​

Answer 1

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

Answer 2

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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