X Ltd. has a current ratio of 3:1 and quick ratio of 2:1. If excess of current assets over quick assets, represented by inventories is Rs. 5,000, calculate current assets and quick assets.

Let Current Liabilities be $CL$.From the given ratios, we can express the assets in terms of $CL$:
$$\text{Current Ratio}=\frac{\text{Current Assets (CA)}}{CL}=\frac{3}{1}⟹CA=3\cdot CL$$
$$\text{Quick Ratio}=\frac{\text{Quick Assets (QA)}}{CL}=\frac{2}{1}⟹QA=2\cdot CL$$
We know that the difference between Current Assets and Quick Assets is equal to Inventory:
$$\text{Inventory}=CA-QA$$
$$\text{Inventory}=3\cdot CL-2\cdot CL=1\cdot CL$$
We are given that Inventory = $\text{Rs. }5,000$:
$$CL=5,000$$
Now substitute the value of $CL$ back into the expressions to find the assets:
$$CA=3\times 5,000=\text{Rs. }15,000$$
$$QA=2\times 5,000=\text{Rs. }10,000$$