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CBSE Questions for Class 12 Commerce Accountancy Accounting Ratios Quiz 13 - MCQExams.com
CBSE
Class 12 Commerce Accountancy
Accounting Ratios
Quiz 13
Given current ratio = $$2.5$$
Quick ratio = $$1.5$$
Net working capital = Rs $$30,000$$
What is the amount of stock?
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0%
$$Rs 20,000$$
0%
$$Rs 30,000$$
0%
$$Rs 50,000$$
0%
$$Rs 60,000$$
Explanation
Net working capital = Current assets - Current liabilities
$$Rs. 30000$$ = Current assets - Current liabilities
Therefore, Current assets = Current liabilities + $$Rs. 30000$$
Current ratio = Current assets/ Current liabilities
$$2.5$$ = [Current liabilities + $$Rs. 30000$$] / Current liabilities
$$2.5$$
Current liabilities =
Current liabilities + $$Rs. 30000$$
Current liabilities = $$Rs. 30000/ 1.5$$
Therefore, Current liabilities = $$Rs. 20000$$
Now,
Current assets = Current liabilities + $$Rs. 30000$$
= $$Rs.20000 + Rs. 30000$$
=$$Rs. 50000$$
Now, Quick Ratio = Quick Assets/ Current liabilities
$$1.5$$ = Quick Assets/ $$20000$$
Therefore,
Quick Assets = $$Rs. 30000$$
Quick Ratio = Quick Assets/ Current liabilities
Quick Ratio = [Current Assets - Stock ]/ Current liabilities
$$1.5$$ = [$$50000$$ - Stock] / $$20000$$
Stock = $$50000 - 30000$$
= $$Rs. 20000$$
Given current ratio = $$2.5$$
Quick ratio = $$1.5$$
Net working capital = Rs $$30,000$$
What is the amount of quick assets?
Report Question
0%
$$Rs 20,000$$
0%
$$Rs 30,000$$
0%
$$Rs 50,000$$
0%
$$Rs 60,000$$
Explanation
Net working capital = Current assets - Current liabilities
$$Rs. 30000$$ = Current assets - Current liabilities
Therefore, Current assets = Current liabilities + $$Rs. 30000$$
Current ratio = Current assets/ Current liabilities
$$2.5$$ = [Current liabilities + $$Rs. 30000$$] / Current liabilities
$$2.5$$
Current liabilities =
Current liabilities + $$Rs. 30000$$
Current liabilities = $$Rs. 30000/ 1.5$$
Therefore, Current liabilities = $$Rs. 20000$$
Now,
Current assets = Current liabilities + $$Rs. 30000$$
= $$Rs.20000 + Rs. 30000$$
=$$Rs. 50000$$
Now, Quick Ratio = Quick Assets/ Current liabilities
$$1.5$$ = Quick Assets/ $$20000$$
Therefore,
Quick Assets = $$Rs. 30000$$
Falling demand for the product in the market indicated by ________________.
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0%
Finished goods turnover ratio
0%
Work in progress turnover ratio
0%
Net profit ratio
0%
Gross profit ratio
Given current ratio = $$2.5$$
Quick ratio = $$1.5$$
Net working capital = Rs $$30,000$$
What is the amount of current assets?
Report Question
0%
$$Rs 20,000$$
0%
$$Rs 30,000$$
0%
$$Rs 50,000$$
0%
$$Rs 60,000$$
Explanation
Net working capital = Current assets - Current liabilities
$$Rs. 30000$$ = Current assets - Current liabilities
Therefore, Current assets = Current liabilities + $$Rs. 30000$$
Current ratio = Current assets/ Current liabilities
$$2.5$$ = [Current liabilities + $$Rs. 30000$$] / Current liabilities
$$2.5$$
Current liabilities =
Current liabilities + $$Rs. 30000$$
Current liabilities = $$Rs. 30000/ 1.5$$
Therefore, Current liabilities = $$Rs. 20000$$
Now,
Current assets = Current liabilities + $$Rs. 30000$$
= $$Rs.20000 + Rs. 30000$$
=$$Rs. 50000$$.
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