Current Liabilities of a company are ₹ 1,50,000. Its Current Ratio is 3 : 1 and Acid Test Ratio (Liquid Ratio) is 1 : 1. Calculate values of Current Assets, Liquid Assets and Inventory.
Current Liabilities of a company are ₹ 1,50,000. Its Current Ratio is 3 : 1 and Acid Test Ratio (Liquid Ratio) is 1 : 1. Calculate values of Current Assets, Liquid Assets and Inventory.
[Ans.: Current Assets = ₹ 4,50,000; Liquid Assets = ₹ 1,50,000; Inventory = ₹ 3,00,000.]
Anurag Pathak Changed status to publish August 2, 2023
