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Question : Quick Ratio 2.5; Current Assets Rs.1,50,000; Current Liabilities Rs.40,000. The Value of Inventory

Option 1: Rs 60,000

Option 2: Rs 40,000

Option 3: Rs 50,000

Option 4: None of the above.


Team Careers360 7th Jan, 2024
Answer (1)
Team Careers360 9th Jan, 2024

Correct Answer: Rs 50,000


Solution : Answer = Rs 50,000

Quick Ratio= $\frac{\text{Quick Assets}}{\text{Current Liab}}$ = 2.5:1

Q. Ratio= $\frac{2.5}{1}$= $\frac{\text{Quick Assets}}{40,000}$

Q.Assets= 40,000 x 2.5 = 1,00,000

Q.Assets = C. Assets - Stock

1,00,000 = 1,50,000 - Stock; Stock =50,000.
Hence, the correct option is 3.

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