When Quick Ratio $3$ , Current Assets Rs. $70, 000$ , Inventory Rs. $10, 000$ then the current liabilities will be __________.

Rs.

40, 000

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Rs.

30, 000

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Rs.

20, 000

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Rs.

10, 000

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Solution

The correct option is B Rs. $20, 000$
Quick Ratio
= $\frac{C u r r e n t A s s e t s - I n v e n t o r y}{C u r r e n t L i a b i l i t i e s}$
3 = Rs $\frac{70, 000 - 10, 000}{C u r r e n t L i a b i l i t i e s}$
3 Current Liabilities = Rs. $60, 000$
Current Liabilities = Rs. $\frac{60, 000}{3} = R s .$ 20,000$

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When Quick Ratio 3, Current Assets Rs.70,000, Inventory Rs.10,000 then the current liabilities will be __________.

The correct option is B Rs.20,000Quick Ratio = CurrentAssets−InventoryCurrentLiabilities3 = Rs70,000−10,000CurrentLiabilities3 Current Liabilities = Rs.60,000Current Liabilities = Rs.60,0003=Rs.20,000$

When Quick Ratio $3$ , Current Assets Rs. $70, 000$ , Inventory Rs. $10, 000$ then the current liabilities will be __________.