Question

liquid ratio 3:1 its stock is rs.120000 and current liablities rs.240000 . calclate the current ratio

Answer 1

Answer:

3:1

Step-by-step explanation:

Answer 2

Current ratio = 3.5

Step-by-step explanation:

Given:

Liquid ratio = 3:1

Stock = 120,000

Current liabilities = 240,000

Current ratio  = ?

Computation:

Liquid ratio = (Current assets - Stock) / Current liabilities

3 = (Current assets - 120,000) / 240,000

720,000 = Current assets - 120,000

Current assets = 840,000

Current ratio = Current assets / Current liabilities

Current ratio = 3.5

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