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Question
Quick Ratio 2.2; Current Liabilities ₹ 40,000; Inventory ₹ 32,000. Calculate Current Assets.
Numerical
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Solution
Quick Ratio = `"Liquid Assets"/"Current Liabilities"`
2.2 = `"Liquid Assets"/(₹ 40,000)`
Liquid Assets = ₹ 40,000 × 2.2
= ₹ 88,000
Current Assets = Liquid Assets + Inventory
= ₹ 88,000 + ₹ 32,000
= ₹ 1,20,000
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