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प्रश्न
Calculate Current Assets and Quick Assets of a company from the following information:
Quick Ratio = 0.70: 1
Inventory Turnover Ratio = 5 Times
Inventory at the end was 20,000 more than inventory at the beginning
Gross Profit = ₹ 75,000
Current Liabilities = ₹80,000
Revenue from Operations = ₹ 4,00,000.
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उत्तर
1. Calculation of Cost of Revenue from Operations (COGS):
\[\text{Cost of Revenue from Operations} = \text{Revenue from Operations} - \text{Gross Profit}\]
$$\text{Cost of Revenue from Operations} = ₹ 4,00,000 - ₹ 75,000$$
$${\text{Cost of Revenue from Operations (COGS)} = ₹ 3,25,000}$$
2. Calculation of Average Inventory:
$$\text{Inventory Turnover Ratio} = \frac{\text{Cost of Revenue from Operations}}{\text{Average Inventory}}$$
$$5 = \frac{3,25,000}{\text{Average Inventory}}$$
$$\text{Average Inventory} = \frac{3,25,000}{5}$$
$${\text{Average Inventory} = ₹ 65,000}$$
3. Calculation of Closing Inventory:
Let Opening Inventory be $x$.
Therefore, Closing Inventory = $x + ₹ 20,000$
$$\text{Average Inventory} = \frac{\text{Opening Inventory} + \text{Closing Inventory}}{2}$$
$$65,000 = \frac{x + (x + 20,000)}{2}$$
$$65,000 \times 2 = 2x + 20,000$$
$$1,30,000 = 2x + 20,000$$
$$2x = 1,30,000 - 20,000$$
$$2x = 1,10,000 \implies x = ₹ 55,000 \text{ (Opening Inventory)}$$
$$\text{Closing Inventory} = x + 20,000 = 55,000 + 20,000$$
$${\text{Closing Inventory} = ₹ 75,000}$$
4. Calculation of Quick Assets:
$$\text{Quick Ratio} = \frac{\text{Quick Assets}}{\text{Current Liabilities}}$$
$$0.70 = \frac{\text{Quick Assets}}{80,000}$$
$$\text{Quick Assets} = 0.70 \times 80,000$$
$${\text{Quick Assets} = ₹ 56,000}$$
5. Calculation of Current Assets:
$$\text{Quick Assets} = \text{Current Assets} - \text{Closing Inventory}$$
$$56,000 = \text{Current Assets} - 75,000$$
$$\text{Current Assets} = 56,000 + 75,000$$
$${\text{Current Assets} = ₹ 1,31,000}$$
