Question 21:
Current Liabilities of a company are ₹6,00,000. Its Current Ratio is 3 : 1
and Liquid Ratio is 1 : 1. Calculate value of Inventory
Answer:
Current ratio=
Quick assets/Current liabilities=3/1
Acid test ratio=
Liquied assets/Current liabilities=1/1
Current Liabilities = 6,00,000
Current Assets = 3 × Current Liabilities
= 3 × 6,00,000 = 18,00,000
Liquid Assets = 1 × 6,00,000 =
6,00,000
Inventory = Current Assets − Liquid Assets
= 18,00,000 − 6,00,000 =
12,00,000
Question 22:
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 = 4.5x
Quick Assets = 3x
Stock = Current Assets − Quick Assets
36,000 = 4.5x − 3x
x = 24,000
Current Assets = 4.5x = 4.5 × 24,000 = 1,08,000
Liquid Assets= 3x = 3 × 24,000 = 72,000
Question 23:
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 = 4x
Quick Assets = 2.5x
Stock = Current Assets − Quick Assets
6,00,000 = 4x − 2.5x
x = 4,00,000
Current Assets = 4x = 4 × 4,00,000
= 16,00,000
Liquid Assets = 2.5x = 2. 5× 4,00,000
= 10,00,000
Question 24:
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 25:
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 = 4x
Quick Assets = 2.5x
Stock = Current Assets − Quick Assets
6,00,000 = 4x − 2.5x
or, x = 4,00,000
Current Liabilities = x = ₹4,00,000
Ts Grewal Solution 2025-2026
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Class 12 / Volume – III
Chapter 4 – Accounting Ratios