Calculate Current Ratio of a company from the following information: Inventory (Stock) Turnover Ratio: 4 Times Inventory (Stock) in the beginning was

Question

Calculate Current Ratio of a company from the following information: Inventory (Stock) Turnover Ratio: 4 Times Inventory (Stock) in the beginning was

Calculate Current Ratio of a company from the following information:
Inventory (Stock) Turnover Ratio: 4 Times
Inventory (Stock) in the beginning was Rs. 20,000 less than Inventory, at the end.
Revenue from Operations (Net Sales) Rs. 6,00,000 Gross Profit Ratio 25%
Current Liabilities Rs. 60,000 Quick Ratio 0.75 : 1

Monjur Alahi

6 views

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 Ratio = 2.79 : 1. Closing Inventory (Stock) = Rs. 1,22,500, Quick Assets = Rs. 45,000. Current Assets = Closing Inventory (Stock) + Quick Assets = Rs. 1,22,500 + Rs.45,000 = Rs. 1,67,500.

6 views Answered 2023-02-05 15:29