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Current liabilities = ₹ 3,00,000Working capital = ₹ 8,00,000Inventory = ₹ 2,00,000Calculate Quick ratio. |
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Answer» Current assets = Current liabilities + Working capital = 3,00,000 + 8,00,000 = ₹ 11,00,000 Quick assets = Current assets – Inventory = 11,00,000 – 2,00,000 = ₹ 9,00,000 Quick liability = Current liabilities – Bank O/D = ₹ 3,00,000 Quick ratio = \(\frac{Quick\,assets}{Quick\,liabilities}\) = \(\frac{9,00,000}{3,00,000}\) = \(\frac{3}{1}\) = 3 : 1 |
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