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Current ratio 2.5 quick ratio 1.5 …

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Current ratio 2.5 quick ratio 1.5 workig capital 120000 gross profit 25% on revenue from opration was Rs 100000 inventory turnover ratio 3 times . Calculate opning inventory ,current liabilities ,current asset &liquid assets.

    • Posted by Krishna Chaudhary 6 years, 4 months ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Krishna Chaudhary 6 years, 4 months ago

    Sorry, but your answer is wrong , there correct answer is C.A=200000,Q.A=120000,C.I=80000,opening stock =120000 OK

    0Thank You

    Paras Ghoga 6 years, 4 months ago

    COGS=Revenue from Operations- GP 100000-25000= 75000 ITR= COGS/average inventory 3=75000/A.I A.I=25000 Total inventory=25000*2=50000

    4Thank You

    Paras Ghoga 6 years, 4 months ago

    Assume Current asset-X+120000, Current liabilitt-X so, X+120000+X = 2x+120000 X=120000/2 = 60000 X=60000 Current assets=180000 current liab=60000

    1Thank You

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