Q. 12 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)

the solutions of Question number 12 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)

Q. 12 (A) Current Ratio 2 : 1, Quick Ratio 1.5 : 1, Current Liabilities ₹ 1,60,000. Calculate Current Assets, Quick Assets and Inventory.

[Ans. ₹ 3,20,000, ₹ 2,40,000, ₹ 80,000.]

Solution:-

$\mathbf{C}\mathbf{u}\mathbf{r}\mathbf{r}\mathbf{e}\mathbf{n}\mathbf{t} \mathbf{R}\mathbf{a}\mathbf{t}\mathbf{i}\mathbf{o} = \frac{\mathbf{C}\mathbf{u}\mathbf{r}\mathbf{r}\mathbf{e}\mathbf{n}\mathbf{t} \mathbf{A}\mathbf{s}\mathbf{s}\mathbf{e}\mathbf{t}\mathbf{s}}{\mathbf{C}\mathbf{u}\mathbf{r}\mathbf{r}\mathbf{e}\mathbf{n}\mathbf{t} \mathbf{L}\mathbf{i}\mathbf{a}\mathbf{b}\mathbf{i}\mathbf{l}\mathbf{i}\mathbf{t}\mathbf{i}\mathbf{e}\mathbf{s}}$

$\frac{\mathbf{2}}{\mathbf{1}} = \frac{\mathbf{C}\mathbf{u}\mathbf{r}\mathbf{r}\mathbf{e}\mathbf{n}\mathbf{t} \mathbf{A}\mathbf{s}\mathbf{s}\mathbf{e}\mathbf{t}\mathbf{s}}{\mathbf{1}\mathbf{,}\mathbf{60,000}}$

Current Assets = ₹ 3,20,000

$\mathbf{Q}\mathbf{u}\mathbf{i}\mathbf{c}\mathbf{k}\mathbf{ }\mathbf{R}\mathbf{a}\mathbf{t}\mathbf{i}\mathbf{o} = \frac{\mathbf{Q}\mathbf{u}\mathbf{i}\mathbf{c}\mathbf{k} \mathbf{A}\mathbf{s}\mathbf{s}\mathbf{e}\mathbf{t}\mathbf{s}}{\mathbf{C}\mathbf{u}\mathbf{r}\mathbf{r}\mathbf{e}\mathbf{n}\mathbf{t} \mathbf{L}\mathbf{i}\mathbf{a}\mathbf{b}\mathbf{i}\mathbf{l}\mathbf{i}\mathbf{t}\mathbf{i}\mathbf{e}\mathbf{s}}$

$\frac{\mathbf{1.5}}{\mathbf{1}} = \frac{\mathbf{Q}\mathbf{u}\mathbf{i}\mathbf{c}\mathbf{k} \mathbf{A}\mathbf{s}\mathbf{s}\mathbf{e}\mathbf{t}\mathbf{s}}{\mathbf{1}\mathbf{,}\mathbf{60,000}}$

Quick Assets = ₹ 2,40,000

Quick Assets = Current Assets – Inventory

₹ 2,40,000 = ₹ 3,20,000 – Inventory

Inventory = ₹ 3,20,000 – ₹ 2,40,000

Inventory = ₹ 80,000

Q. 12 (B) Current Ratio 2.5 : 1, Quick Ratio 0.95 : 1, Current Assets ₹ 17,00,000, Calculate Current Liabilities, Quick Assets and Inventory.

[Ans. ₹ 6,80,000, ₹ 6,46,000, ₹ 10,54,000.]

Solution:-

Q. 12 (C). Working Capital ₹ 5,40,000; Current Ratio 2.8 : 1; Inventory ₹ 3,30,000. Calculate Current Assets, Current Liabilities and Quick Ratio.

[Ans. ₹ 8,40,000; ₹ 3,00,000; 1.7 : 1.]

Solution:-