Let Current Liabilities = x. Current Assets = 3.5x, Quick Assets = 2x. Inventories = CA - QA = 3.5x - 2x = 1.5x. Given 1.5x = 24,000, so x = 16,000. Current Liabilities = Rs. 16,000.
X Ltd. has a Current Ration of 3.5 : 1 and Quick Ratio of 2 : 1. If excess of current assets over quick assets represented by inventories is Rs. 24,000. Calculate current liabilities.
Held on 20 Aug 2022 · Verified 13 Jul 2026.
Rs. 16,000
Rs. 56,000
Rs. 36,000
Rs. 32,000
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Work through every CUET UG Financial Statements PYQ, year by year.