Question

When quick ratio is 1.5:1 and the amount of quick assets is rs. 30,000, what is the amount of quick liabilities? rs. 20,000 rs. 50,000 rs. 45,000 rs. 30,000?

Answer 1

Quick Ratio
=Quick Assets/Current Liabilities
Here,(given)
Quick Ratio=1.5:1
Quick Assets=30,000
Now,
1.5=30,000/current liabilities
=>Current Liabilities = 30,000/1.5
i.e., ₹20,000

Answer 2

Answer:

Rs 20,000 is the required answer

Explanation:

Quick Ratio is calculated in the following manner

=Quick Assets/Current Liabilities

Quick Ratio=1.5:1

Quick Assets=30,000

In such cases we will use the fundamental of "Put the value and get the answer"

Therefore, we can say that

1.5=30,000/current liabilities

=Current Liabilities = 30,000/1.5

= 20,000

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