A) Rs. 10,000
B) Rs. 25,000
C) Rs. 40,000
D) Rs. 15,000
Correct Answer: C
Solution :
| [c] Rs. 40,000 |
| Hint: |
| Current Ratio =\[\frac{Current Assets}{Current Liabilities}\] =\[\frac{4}{1}\]=\[\frac{CA}{CL}\] |
| \[\therefore \]CA= 2.5CL .(i) |
| Quick Ratio =\[\frac{Quick Assets}{Current Liabilities}\] =>\[\frac{2.5}{1}\]=\[\frac{QA}{CL}\] QA=2.5 CL ...(ii) |
| Inventories = CA - QA |
| 15,000 = 4 CL - 2.5 CL |
| 15.000 = 1.5 CL |
| \[\therefore \] CL=\[\frac{15,000}{1.5}\]=> Rs. 10,000 |
| CA = 4CL = 4 \[\times \] 10,000 = Rs. 40,000 |
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