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Cash - 50,000, Debtors - 1,00,000, Inventories - 1,50,000, Current Liabilities - 1,00,000, Total Current Assets - 3,00,000. Find the Current Ratio.
a. 1:1.5
b. 1:3
c. 1.5:1
d. 3:1
Ans - d
Explanation :
3,00,000/1,00,000 = 3 : 1
The ideal Current Ratio preferred by Banks is 1.33 : 1
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Quick ratio is 1.8:1, current ratio is 2.7:1 and current liabilities are Rs 60,000. Determine value of stock.
a. Rs 54,000
b. Rs 60,000
c. Rs 1, 62,000
d. None of the above
Ans - a
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Funded Debt equity ratio is 2:1 and owned funds Rs. 2 lac. Amount of total assets Rs. 10 lac. What is current ratio if the fixed assets are of Rs. 4 lac?
a. 1:1
b. 1.9:1
c. 1.5:1
d. None of the above
Ans - c
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Total liabilities of a Balance Sheet of a firm are Rs. 80 lac and Current Ratio 1.5:1. If its fixed assets and assets other than current assets are Rs.50 lacs and debt equity ratio 3:1 what is the amount of long term liabilities?
a. Rs. 20 lac
b. Rs. 45 lac
c. Rs. 15 lac
d. Rs. 10 lac
Ans - b
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Current Assets of a firm as per its Balance Sheet are Rs. 60 lac and debt equity ratio 2:1. If net working capital is Rs. 20 lac and total liabilities of Rs.100 lac, what is the amount of net worth?
a. Rs. 20 lac
b. Rs. 18 lac
c. Rs. 15 lac
d. Rs. 25 lac
Ans - a
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Current Assets of a firm increase from Rs. 60 lac to Rs. 90 lac but there is no change in the current ratio of 1.5:1. What is the increase in the current liabilities?
a. Rs. 25 lac
b. Rs. 20 lac
c. Rs. 18 lac
d. Rs. 15 lac
Ans - b
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