SOLUTION
Current Liabilities = Current Assets − Working Capital
= 3,00,000 − 2,52,000
= 48,000
Quick Assets = Current Assets − Stock
= 3,00,000 − 60,000
= 2,40,000
Current ratio = Current assets / Current liabilities
= 2,40,000 / 48,000
= 5: 1
SOLUTION
Current Liabilities = Current Assets − Working Capital
= 3,00,000 − 2,52,000
= 48,000
Quick Assets = Current Assets − Stock
= 3,00,000 − 60,000
= 2,40,000
Current ratio = Current assets / Current liabilities
= 2,40,000 / 48,000
= 5: 1