Q12) Handa Limited has inventory of
Rs 20,000. Total liquid assets are Rs
1,00,000 and quick ratio is 2:1.
Calculate current ratio
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6
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Answered by
1
Answer:
Quick ratio=Liquid Asserts
Current Liabilities
or 2= 1,00,000
current Liabilities
or, Current Liabilities=1,00,000
2
= 50,000
Current Assets= Liquid Asserts+Inventory
= 1,00,000+20,000
= 1,20,000
Current Ratio= Current Asserts
Current Liabilities
= 1,20,000
50,000
= 2.4
1
= 2.4:1
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