Home
Class 12
ACCOUNTS
Quick Ratio 1.5, Current Assets 100000, ...

Quick Ratio 1.5, Current Assets 100000, Current Liabilities 40000. Calculate value of Inventories (Stock).

Text Solution

Verified by Experts

`Quick Ratio =("Quick Assets")/("Current Liabilities") =("Quick Assets")/(Rs 40000)=1.5`
`"Quick assets"=Rs 40000xx1.5 =Rs 60000`
Calculation of Inventories (stock):
Inventories =Current Assets- quick Assets
=Rs 100000-Rs 60000=Rs 40000.
Promotional Banner

Topper's Solved these Questions

  • ACCOUNTING RATIOS

    TS GREWAL|Exercise Evaluation Questions|13 Videos

  • ACCOUNTING RATIOS

    TS GREWAL|Exercise Exercise|147 Videos

  • ACCOUNTING FOR PARTNERSHIP FIRMS-FUNDAMENTALS

    TS GREWAL|Exercise EVALUATION QUESTION :QUESTIONSWITHMISSINGVALUES|3 Videos

  • Admission of a Partner

    TS GREWAL|Exercise EXERCISE|107 Videos

Similar Questions

Explore conceptually related problems

Ratio of Currents Assets(1000000) to Current Liabilites (400,000) is 2.5:1. The accountant of the firm is interested in maintaining a current Ratio of 2:1 by acquiring some current assets on credit.you are required to suggest him the amount of current assets that should be acquired

Revenue from operations: cash sales Rs 500000,credit sales Rs 6000000, cssales return Rs 100000 current assets Rs 300000, current liabilites Rs 100000. calculate working capital trunover ratio.

Shareholders's funds Rs 160000, Total debts Rs 360000, current liabilities Rs 40000 calculate total assets to debt ratio. ,[total assets to debt ratio =1.625.1]

Total assets Rs 12500000, Total debts Rs 1000000, current liabilities Rs 500000 calculate debt to equity ratio.

Shareholders' Funds Rs 1400000,Total Debts (Liabilites) Rs 1800,000,Current Liabilities Rs 200000. Calculate Total Assets to Debt Ratio.

Current laibilities of a company are 300000.Its current Ratio is 3 and Liquid Ratio is 1. Calculate value of Inventories .

A company had Current Assets of 300000 and Current Liabilities of 1,40000. Afterwards it purchases goods for 20000 on credit. Calculate current Ratio after the purchase

Why Ltd has furnished following information regarding its current Assets and Current Liabilities: Calculate Current Ratio and Liquid Ratio of the company.

TS GREWAL-ACCOUNTING RATIOS -Exercise
  1. Quick Ratio 1.5, Current Assets 100000, Current Liabilities 40000. Cal...

    Text Solution

    |

  2. From the following compute curent ratio:

    Text Solution

    |

  3. calculate current ratio from the following information:

    Text Solution

    |

  4. Current ratio is 2.5 working capital is Rs 150000. calculate the amoun...

    Text Solution

    |

  5. Working capital is Rs 900000, Trade payables Rs 90000, and other curre...

    Text Solution

    |

  6. Working capital Rs 180000, total debts Rs 390000, long term debts Rs 3...

    Text Solution

    |

  7. Current assets are Rs 750000 and working capital is Rs 250000. calcula...

    Text Solution

    |

  8. Trade payables rs 50000 working capital Rs 900000, current liabilities...

    Text Solution

    |

  9. A company had current assets of Rs 450000 and current liabilites of Rs...

    Text Solution

    |

  10. Current liabilites of a company were Rs 175000 and its current ratio w...

    Text Solution

    |

  11. Ratio of current assets (Rs 300000) to current liabilities (Rs 200000)...

    Text Solution

    |

  12. Ratio of currents assets (Rs 275000) to curent liabilites (Rs 350000) ...

    Text Solution

    |

  13. A firm had curent assets of Rs 500000.It paid current liabilities of R...

    Text Solution

    |

  14. state giving reason whether the current ratio will improve or decline ...

    Text Solution

    |

  15. state giving reasons which of the following transactions would improve...

    Text Solution

    |

  16. From the following information calcualte liquid ratio:

    Text Solution

    |

  17. Quick assets Rs 150000, inventroy (stock) Rs 40000, prepaid Expaneses ...

    Text Solution

    |

  18. Current assets Rs 300000, inventories Rs 600000, working capital Rs 25...

    Text Solution

    |

  19. Woking capital Rs 360000, total debts Rs 780000, long term debts s 600...

    Text Solution

    |

  20. Current liablities of a company are Rs 600000. Its current ratio is 3:...

    Text Solution

    |

  21. X ltd has a current ratio fo 3.5 :1 and quick ratio of 2:1 if the inve...

    Text Solution

    |