Current Ratio 2 6 1 Liquid Ratio 1 5 1 Current Liabilities Rs 40 000 Current Assets Liquid Assets an...........

Costing - Phase (I & II) Methods of Costing

Current Ratio: 2.6: 1

Liquid Ratio: 1.5: 1

Current Liabilities: Rs. 40,000/-

Current Assets. Liquid Assets and Inventory will be:

Rs. 1,04,000/-; Rs. 60,000/-; Rs.44,000/-

Rs. 1,00,000/-; Rs. 50,000/-; Rs.40,000/-

Rs. 1,10,000/-; Rs. 80,000/-; Rs.45,000/-

Cannot be calculated

Current ratio= Current asset/current liability

2.6= Current Assets/40,000

Current Asset= 40,000 x 2.6= Rs. 1,04,000/-

Liquid Assets= 40,000 x 1.5= Rs. 60,000

Inventory= Current Assets – Liquid Assets= Rs. 44000/-

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