#### Question
21:

Umesh Ltd. has Current Ratio of 4.5 : 1 and a Quick Ratio of 3 : 1. If its inventory is ` 36,000, find out its total Current Assets and total Current Liabilities.

#### Answer:

Current ratio= Current assets/Current liabilities=4.5/1

Quick ratio= Quick assets/Current liabilities=3/1

Inventory = 36,000

Let Current Liabilities be = *x*

Current Assets = 4.5*x*

Quick Assets = 3*x*

Stock = Current Assets − Quick Assets

36,000 = 4.5*x* − 3*x*

*x* = 24,000

Current Assets = 4.5*x *= 4.5 × 24,000 = 1,08,000

Liquid Assets= 3*x *= 3 × 24,000 = 72,000

#### Question
22:

Current Ratio 4; Liquid Ratio 2.5; Inventory ` 6,00,000. Calculate Current Liabilities, Current Assets and Liquid Assets.

#### Answer:

Current ratio= Current assets/Current liabilities=4/1

Liquid ratio= Liquid assets/Current liabilities=2.5/1

Inventory = 6,00,000

Let Current Liabilities be = *x*

Current Assets = 4*x*

Quick Assets = 2.5*x*

Stock = Current Assets − Quick Assets

6,00,000 = 4*x* − 2.5*x*

*x* = 4,00,000

Current Assets = 4*x *= 4 × 4,00,000
= 16,00,000

Liquid Assets = 2.5*x *= 2. 5× 4,00,000
= 10,00,000

#### Question
23:

Current Liabilities of a company are `1,50,000. Its Current Ratio is 3 : 1 and Acid Test Ratio (Liquid Ratio) is 1 : 1. Calculate values of Current Assets, Liquid Assets and Inventory.

#### Answer:

Current ratio= Current assets/Current liabilities=3/1

Acid test ratio= Liquid assets/Current liabilities=1/1

Current Liabilities = 1,50,000

Current Assets = 3 × Current Liabilities

= 3 × 1,50,000 = 4,50,000

Liquid Assets = 1 × 1,50,000 = 1,50,000

Inventory = Current Assets − Liquid Assets

= 4,50,000 − 1,50,000 = 3,00,000

#### Question
24:

Xolo Ltd.'s Liquidity Ratio is 2.5 : 1. Inventory is ` 6,00,000. Current Ratio is 4 : 1. Find out the Current Liabilities.

#### Answer:

Current ratio= Current assets/Current liabilities=4/1

Quick ratio= Quick assets/Current liabilities=2.5/1

Let the Current Liabilities be = *x*

Current Assets = 4*x*

Quick Assets = 2.5*x*

Stock = Current Assets − Quick Assets

6,00,000 = 4*x* − 2.5*x*

or, *x*
= 4,00,000

Current Liabilities = *x* = `
4,00,000

#### Question
25:

Current Assets of a company is are ` 5,00,000. Its Current Ratio is 2.5 : 1 and Quick Ratio is 1 : 1. Calculate value of Current Liabilities, Liquid Assets and Inventory.

#### Answer:

Current ratio= Current assets/Current liabilities=2.5/1

Quick ratio= Liquid assets/Current liabilities=1/1

Current Assets = 5,00,000

Current ratio= Current assets/Current liabilities=5,00,000/2.5=2,00,000

Liquid Assets = Current Liabilities × 1 = 2,00,000

Inventory = Current Assets − Quick Assets

= 5,00,000 − 2,00,000 = 3,00,000

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*Ts Grewal Solution 2022-2023*

**Class 12 / Volume – 3**

**Chapter 4 – Accounting Ratios**

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