CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Government Receipts and Government Expenditures

Current Asset...

Question

Current Assets ₹ 3,00,000; Inventories ₹ 60,000; Working Capital ₹ 2,52,000.
Calculate Quick Ratio.

Open in App

Solution

Current Liabilities = Current Assets − Working Capital

= 3,00,000 − 2,52,000 = 48,000

Quick Assets = Current Assets − Stock

= 3,00,000 − 60,000 = 2,40,000

Suggest Corrections

thumbs-up

2

Similar questions

Q. Current Assets Rs 3,00,000; Inventories Rs 60,000; Working Capital Rs 2,25,000. Calculate Quick Ratio.

Q. Revenue from Operations: Cash Sales ₹ 5,00,000; Credit Sales ₹ 6,00,000; Sales Return ₹ 1,00,000. Current Assets ₹ 3,00,000; Current Liabilities ₹ 1,00,000. Calculate Working Capital Turnover Ratio.

Q. Trade Payables ₹ 50,000, Working Capital ₹ 9,00,000, Current Liabilities ₹ 3,00,000. Calculate Current Ratio.

Q. Calculate Working Capital Turnover Ratio from the following information:
Revenue from Operations ₹ 30,00,000; Current Assets ₹ 12,50,000; Total Assets ₹ 20,00,000; Non-current Liabilities ₹ 10,00,000, Shareholders' Funds ₹ 5,00,000.

Q. From the following information, calculate any two of the following ratios:

(i) Current Ratio;
(ii) Debt to Equity Ratio; and
(iii) Operating Ratio.

Revenue from Operations (Net Sales) ₹ 1,00,000; cost of Revenue from Operations (Cost of Goods Sold) was 80% of sales; Equity Share Capital ₹ 7,00,000; General Reserve ₹ 3,00,000; Operating Expenses ₹ 10,000; Quick Assets ₹ 6,00,000; 9% Debentures ₹ 5,00,000; Closing Inventory ₹ 50,000; Prepaid Expenses ₹ 10,000 and Current Liabilities ₹ 4,00,000.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Government Receipts and Government Expenditures

ECONOMICS

Watch in App

explore_more_icon

Explore more

Government Receipts and Government Expenditures

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon