Question

Sonu Ltd has a current ratio of 3:1 if its stock is 40,000 and its total current liabilities are 75000 , find out its quick ratio​

Answer 1

Answer:

current ratio = current assets

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current liability

now if current ration is 3 : 1

and current liability is 75000

current assets = 3 * 75000

= 225000 rs

now

quick ratio doesnt include stock

so liquid assets = current assets - stock

= 225000 - 40000

= 185000 rs

now quick ratio. = liquid assets

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current liabilty

= 185000

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75000

= 37 : 15