Question

quick ratio is 1:8:1 current ratio is 2:7:1 and current liabilities are rs 60000 determine value of stock​

Answer 1

Step-by-step explanation:

☞Answer:-

Given:-

• Quick ratio is 1:8:1
• Current ratio is 2:7:1
• Current Liabilities are Rs. 60,000

To find:-

• Value of the stock

Solution:-

QA = Quick Assests

CL = Current Liabilities

CA = Current Assests

QA = 1.8 × CL

QA = 1.8 × Rs. 60,000

QA = Rs. 1,08,000

CA = 2.7 × CA

CA = 2.7 × Rs. 60,000

CA = Rs. 1,62,000

Stock = CA - QA

Stock = Rs 1,62,000 - 1,08,000

Stock = Rs. 54,000

☘Hence, the value of the stock is 54,000.

Answer 2

Answer:

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QA = Quick assets; CL = Current liabilities; CA = Current assets

QA = 1.8 x CL

QA = 1.8 x Rs. 60,000

QA = Rs. 1,08,000

CA = 2.7 x CA

CA = 2.7 x Rs. 60,000

CA = Rs. 1,62,000

Stock = CA - QA

Stock = Rs. 1,62,000 - Rs. 1,08,000

Stock = Rs. 54,000

Hence, the value of stock is Rs. 54,000