Question

Working capital of company's rs 48000 its ratio is 2.6.1
1) curerent assets
2) current liabilites
3) acid test ratio assuming inventrory rs 18000
plz jaldi

Answer 1

Answer:

★ Correct Question :

Working capital of company's Rs 48,000 its Current ratio is 2.6:1

To calculate :

1) Curerent assets

2) Current liabilites

3) Acid test ratio assuming inventrory

Rs 18,000

Solution :

Current ratio = Curerent assets / Current liabilites

Current ratio = 2.6:1

Let,

Current liabilities = x

Curerent assets = 2.6x

★ Working capital = Curerent assets - Current

liabilites

⇒ 48,000 = 2.6x - x

⇒ 48,000 = 1.6x

⇒ x = 48,0000 / 1.6

⇒ x = 30,000

Current liabilities = Rs 30,000

_________________________________

★ Curerent assets = 2.6x

⇒ 2.6 × 30,000

⇒ 78,000

Curerent assets = Rs 78,000

______________________________

★ Acid test ratio = Curerent assets - Inventrory / Current liabilites

⇒ 78,000 - 18,000 / 30,000

⇒ 60,000 / 30,000

⇒ 2 : 1

____________________________

Therefore,

1) Curerent assets = Rs 78,000

2) Current liabilites = Rs 30,000

3) Acid test ratio = 2 : 1