X Ltd. has a Current Ratio of 3.5 : 1 and Quick Ratio of 2 : 1 . If excess of current assets over quick assets represented by inventories is Rs. 24,00 - Accountancy MCQ CUET Accountancy 2022 20 Aug Shift 2 2026 | ExamTest.live

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X Ltd. has a Current Ratio of 3.5 : 1 and Quick Ratio of 2 : 1 . If excess of current assets over quick assets represented by inventories is Rs. 24, 000 . Calculate current liabilities.

Solution & Step-by-step Explanation

Let Current Liabilities (CL) be x .Then Current Assets (CA) = 3.5 x and Quick Assets (QA) = 2 x . Inventory = CA - QA 24, 000 = 3.5 x - 2 x 24, 000 = 1.5 x x = \frac{24 , 000}{1.5} = Rs. 16, 000 Current Liabilities = Rs. 16, 000 .

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X Ltd. has a Current Ratio of 3.5 : 1 and Quick Ratio of 2 : 1 . If excess of current assets over quick assets represented by inventories is Rs. 24, 000 . Calculate current liabilities.

Rs. 16, 000

Rs. 56, 000

Rs. 36, 000

Rs. 32, 000

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