SOLUTION
Current ratio = Current assets / Current liabilities
= 3.5 / 1
Quick ratio = Quick assets / Current liabilities
= 2 / 1
Let Current Liabilities be = x
Current Assets = 3.5 x
Quick Assets = 2 x
Stock = Current Assets − Quick Assets
24,000 = 3.5 x − 2 x
= or, 24,000 = 1.5 x
X (Current Liabilities) = 16,000
Current Liabilities = x = Rs. 16,000
Current Assets = 3.5 x
= 3.5 × 16,000
= Rs. 56,000