Question : A firm had current assets of Rs.3,00,000 It then paid trade payables of Rs.50,000. After this payment, the current ratio was 2.5:1 The amount of Current Liabilities and Working Capital after the payment are ___________.

Option 1: Current liabilities are Rs 1,50,000 and working capital are Rs 2,10,000

Option 2: Current liabilities are Rs 2,10,000 and working capital are Rs 1,50,000

Option 3: Current liabilities are Rs 1,00,000 and working capital is Rs 1,50,000

Option 4: None of the above

Question : Working Capital Rs.6,00,000; Trade Payables Rs. 50,000 and other Current Liabilities Rs.1,50,000 Current ratio will be___________.

Option 1: 2:1

Option 2: 2.5:1

Option 3: 4:1

Option 4: None of the above

Question : Working Capital Rs.6,00,000; Trade Payables Rs. 50,000 and other Current Liabilities Rs.1,50,000 Current ratio will be___________.

Option 1: 2:1

Option 2: 2.5:1

Option 3: 4:1

Option 4: None of the above

Question : The ratio of Current Assets (Rs.3,00,000) to Current Liabilities is Rs.2,00,000 then the ratio is 1.5:1. The accountant of this firm is interested in maintaining a Current Ratio of 2:1 by acquiring some Current Assets on Credit. The amount of Current Assets which must be acquired for this purpose.

Option 1: Rs 1,00,000

Option 2: Rs 50,000

Option 3: Rs 1,50,000

Option 4: Rs 2,00,000.

Question : A firm has a Current Ratio of 3.5: 1 and a Quick Ratio of 2: 1. If its inventory is Rs.75,000, total current assets and total current liabilities are

Option 1: Current assets Rs 2,16,000 and current liabilities Rs 48,000

Option 2: Current assets Rs 1,08,000 and current liabilities Rs 24.000

Option 3: Current assets Rs 1,75,000 and current liabilities Rs 50,000

Option 4: None of the above