Question : A Company’s Current Ratio is 3: 1 and Liquid Ratio is 2: 1. If its Current Liabilities are Rs.2,00,000, what will be the value of Inventory?
Option 1: Rs.4,00,000
Option 2: Rs.3,00,000
Option 3: Rs.2,00,000
Option 4: Rs.5,00,000
Correct Answer: Rs.2,00,000
Solution : Current Liabilities = 2,00,000; Inventory = ?; Current Ratio = 2:1 Current Ratio = Current Assets/ Current liability 3:1=Current Assets/₹2,00,000 Current Assets= 6,00,000 Liquid Ratio = Liquid Assets/Current liability 2:1=Liquid Assets/2,00,000 Liquid Assets = 4,00,000 Stock = 6,00,000 - 4,00,000 = 2,00,000 Hence option 3 is the correct answer.
Question : A company’s Current assets are Rs.5,00,000 and its current liabilities are Rs.3,00,000. Subsequently, it paid Rs.1,00,000 to its trade payables. What will be the current ratio?
Question : Current Assets Rs.5,50,000; Current Liabilities Rs.2,00,000 and Inventory is Rs.1,50,000. The liquid Ratio will be :
Question : Current Assets Rs.5,00,000; Current Liabilities Rs.2,50,000 and Inventory is Rs.60,000. What will be the Liquid Ratio?
Question : A company liquid assets are Rs.5,00,000 and its current liabilities are Rs.3,00,000. Thereafter, it paid Rs.1,00,000 to its trade payable. Quick Ratio will be -
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile