Question

Yaar urgent this question please solve this question please​

Answer 1

Answer:

quick ratio = quick assets / current liabilities

1.5 = quick assets / 20,000

quick assets = 30,000

quick assets = current assets - stock

30,000 = 90,000 - stock

stock = 90,000 - 30,000

stock = 60,000

Answer 2

Given :

• Current Assets - 90,000

• Current Liabilities - 20,000

• Quick Ratio - 1.5 : 1

To Find :

Value of Stock

Solution :

${\underline{Quick \: Ratio \: = \frac{Quick \: Assets}{Current \: Liabilities}}}$

Quick Assets = Current Assets - Stock

Let Value of stock be x,

$\to \sf \frac{90000 - x}{20000} = \frac{1.5}{1}$

$\to\sf \: (90000 - x)1 = 20000 \times 1.5$

$\to\sf \: 90000 - x = 30000$

$\sf\to \: x = 90000 - 30000$

$\sf\to \: x = 60000$

$\bf\therefore \: Value \: of \: Stock \: = 60000$

$\to \sf \frac{90000 - 60,000}{20000}$

$\to \sf \frac{30000}{20000}$

$\to \sf \frac{1.5}{1} = 1.5$