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 : 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 : Which of the following statements is the correct answer?
A: Liquid Assets included stock as well as prepaid expenses.
B: Current Assets included stock as well as prepaid expenses.

Option 1: Option A

Option 2: Option B

Option 3: Both of the above

Option 4: None of the above

Question : Which of the following is the correct formula for "Current Ratio"?

Option 1: Liquid Assets/Current Liabilities

Option 2: Current Assets/Current Liabilities

Option 3: Fixed Assets/Current Assets

Option 4: Liquid Assets/Current Assets

Question : Which of the following is correct for working capital :
A) Difference between Current Assets and Current Liabilities.
B) Difference between Current Assets and Fixed Assets.

Option 1: Only A

Option 2: Only B

Option 3: Both of the above

Option 4: None of the above