Question : How can you find the Quick Assets?

Option 1: Current Assets – Prepaid Expense

Option 2: Current Assets – Inventory + Prepaid Expense

Option 3: Current Assets – Inventory – Prepaid Expense

Option 4: Current Assets + Inventory – Prepaid Expense

Question : Which of the following is correct for the Liquid Assets :
(A) Current Assets – Prepaid Expense.
(B) Current Assets – Inventory – Prepaid Expense. 

Option 1: Option A Correct

Option 2: Option B Correct

Option 3: Both are correct

Option 4: None of the above

Question : Current Assets 95,000; Inventory 32,000; Prepaid Expenses 3,000. Then liquid assets will be :
 

Option 1: 107000

Option 2: 60000

Option 3: 63000

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 Company’s Current Ratio is 2: 1; Current Assets are Rs.2,50,000; Inventory is Rs.60,000 and Prepaid Expenses are Rs.5,000. Its Current Liabilities will be:

Option 1: Rs.1,50,000

Option 2: 1,25,000

Option 3: 1,35,000

Option 4: None of the above