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Question -

Shine Limited has a current ratio 4.5:1 and quick ratio 3:1; if the inventory is 36,000, calculate current liabilities and current assets.



Answer -


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or,
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or, 4.5 Current Liabilities = Current Assets
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or,
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or, 3 Current Liabilities = Quick Assets
Quick Assets = Current Assets тИТ Inventory = Current Assets тИТ 36,000Quick Assets = Current Assets тАУ Inventory = Current Assets тАУ 36,000
Current Assets тИТ Quick Assets = 36,000
or, 4.5 Current Liabilities тИТ 3 Current Liabilities = 36,000
or, 1.5 Current Liabilities = 36,000
or, Current Liabilities = 24,000
Current Assets = 4.5 Current Liabilities
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