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Calculate current ratio and liquid ratio …

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Calculate current ratio and liquid ratio Liquid asset=75000 Inventory=35000 Prepaid expense=10000 Working capital=60000

Posted by Junior Lion 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Rahul Singh 6 years, 10 months ago

Current ratio =current assets/current liabilities Current assets=liquid assets+inventory+prepaid expenses Current assets=75000+35000+10000=120000 Current liabilities =current assets-- working capital Current liabilities =120000--60000=60000 current ratio=120000÷60000=2:1 Liquid ratio=liquid assets /current liabilites Liquid ratio=75000÷60000=1.25:1

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