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Question
Quick Ratio 1.5; Current Assets ₹ 1,00,000; Current Liabilities ₹ 40,000. Calculate the value of Inventory.
Numerical
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Solution
Quick Ratio = `"Quick Assets"/"Current Liabilities"`
1.5 = `("Quick Assets")/(₹ 40,000)`
Quick Asset = ₹ 40,000 × 1.5
= ₹ 60,000
Inventory = Current Assets − Quick Assets
= ₹ 1,00,000 − ₹ 60,000
= ₹ 40,000
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