Question : Current Ratio is 3.5 : 1. Working Capital is Rs. 90,000. Calculate the amount of Current Assets and Current Liabilities -

Option 1: Current Liabilities is Rs.36,000 and Current Asset is Rs.1,26,000. 

Option 2: Current Liabilities is Rs.25,000 and Current Asset is Rs.1,15,000. 

Option 3: Current Liabilities is Rs.46,000 and Current Asset is Rs.1,36,000. 

Option 4: None of the above

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

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

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 : 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 : Which of the following statements is incorrect?

Option 1: Working Capital = Current Assets - Current Liabilities

Option 2: Current Liabilities = Total Assets - Non-Current Liabilities - Shareholder's fund

Option 3: Working Capital = Equity Share Capital + Reserves & Surplus - Long Term Loan - Non-Current Assets

Option 4: None of the above