Question

When Current Ratio is 4 : 1, Current Assets are ₹ 60,000 and Quick Ratio is 2.5 : 1, the amount of 'Inventory' will be ______.

पर्याय

• ₹ 22,500

• ₹ 37,500

• ₹ 15,000

• ₹ 25,000

Answer 1

When Current Ratio is 4 : 1, Current Assets are ₹ 60,000 and Quick Ratio is 2.5 : 1, the amount of 'Inventory' will be ₹ 22,500.

Explanation:

Let Current Liabilities = x

Current Assets = 4x

Quick Assets = 2.5x

4x = ₹ 60,000

x = ₹ 15,000

2.5x = 2.5 × 15,000

= ₹ 37,500

Thus, Quick Assets = Current Assets − Inventory

37,500 = 60,000 − Inventory

Inventory = 60,000 − 37,500

= ₹ 22,500