Question

Quick ratio is 1.5,current assests rs100000, current liabilities rs40000. Calculate value of stock

Answer 1

Answer:

Value of Stock = Rs40,000

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Answer 2

Value of stock

Explanation:

Given:

Quick ratio = 1.5

Current assets =  100,000

Current liabilities = 40,000

Stock = ?

Computation of Stock:

Quick ratio = (Quick assets) / Current liabilities

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

1.5 = (100,000 - Stock) / 40,000

40,000 x 1.5 = 100,000 - Stock

60,000 = 100,000 - Stock

Stock = 100,000 - 60,000

Stock = 40,000

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