X Ltd. Has a Current Ratio of 3 : 1 and Quick Ratio of 2 : 1. If the excess of current assets over quick assets as represented by stock is Rs. 40,000,

Question

X Ltd. Has a Current Ratio of 3 : 1 and Quick Ratio of 2 : 1. If the excess of current assets over quick assets as represented by stock is Rs. 40,000,

X Ltd. Has a Current Ratio of 3 : 1 and Quick Ratio of 2 : 1. If the excess of current assets over quick assets as represented by stock is Rs. 40,000, calculate current assets and current liabilities.

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

Current Assets = Rs. 1,20,000, Current Liabilities = Rs. 40,000.

5 views Answered 2023-02-05 15:29