Advertisements
Advertisements
Question
Quick Ratio 3; Current Assets ₹ 2,50,000; Inventory ₹ 40,000. Calculate Current Liabilities.
Numerical
Advertisements
Solution
Liquid Assets = Current Assets − Inventory
= ₹ 2,50,000 − ₹ 40,000
= ₹ 2,10,000
Quick Ratio = `"Liquid Assets"/"Current Liabilities"`
3 = `(₹ 2,10,000)/"Current Liabilities"`
Current Liabilities = `(₹ 2,10,000)/3`
= ₹ 70,000
shaalaa.com
Is there an error in this question or solution?
