X Ltd. has a Current ratio of 3·5 : 1 and Quick ratio of 2 : 1. If excess of Current Assets over Quick Assets is represented by inventories of ₹ 16,000 and prepaid expenses of ₹ 8,000, calculate:

(a) Current Liabilities

(b) Current Assets

(c) Quick Assets

Marks-3, CBSE: 2023-24/Compartment/Set-1/Q-32

Answer :

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