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A company has a current ratio …

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A company has a current ratio of 4:1 and quick ratio is 2.5:1. Assuming that the inventories are Rs22500, find out total current assets and current liabilities.

Posted by Zainab Khan 5 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Harshita Jangid 5 years, 11 months ago

Assume liabilities as x. Then, current assets (CA) is 4x and quick assets(QA) is 2.5 x...... so, we know, inventory =CA-QA SO, 22500=4x -2.5x then x= 15000 now CA = 4*15000 =60000 and QA = 2.5*15000. = 37500

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