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QM ltd has a current ratio …

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QM ltd has a current ratio of 3.5:1 and quick ratio of 2:1 . If the excess of Current assests over Quick Assets as represented by stock is ₹150000 , calculate current assets and Current liabilities

Posted by Varun Bothra 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Kanu Singh 7 years ago

Current assets =350000 Current liabilities=100000 Let the CL be x Current ratio=CA/CL 3.5/1=ca/x CA=3.5x Quick ratio=quick assets/CL 2/1=QA/CL QA=2x QA=CA-stock 2x=3.5x-150000 x=100000=CL CA=3.5x100000 CA=350000

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