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Cash = Rs. 100000
Debtors = Rs. 200000
Inventories = Rs. 300000
Current liabilities = Rs. 200000
Total current assets = Rs. 600000
The quick ratio = ?
a. 1.5:1
b. 2.5:1
c. 2:1
d. 3:1
Ans - a
Let me Explain
Since Quick ratio = Quick asset / CL
Here Quick asset = CA - Inventory
Now CA= (Cash + Debtor.....etc ) = Rs. 600000
Here inventories = 300000/-
So, Quick Assets = 600000 - 300000 = Rs. 300000
CL = Rs. 200000
Hence QR = 300000/200000
i.e 1.5:1
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Current ratio of a unit is 3:1 and quick ratio is 1:1. The level of current assets is Rs 15 lac. What is the amount of quick asset?
a. Rs 3 lac
b. Rs 5 lac
c. Rs 7 lac
d. Rs 9 lac
Ans - b
Let me Explain
Since CR = CA: CL
CR= CA:CL = 3:1
i.e. 15:CL= 3:1
i.e CL = 5 lac
Now QR= 1:1
Since QR= Quick asset/CL ( here quick asset is CA-Inventory )
Hence QA= CL ~ 5 lac
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XYZ Pvt Ltd has the following assets and liabilities as on 31st March 2016 (in Lakhs) :
Non Current Assets
Goodwill 75
Fixed Assets 75
Current Assets
Cash in hand 25
Cash in bank 50
Short term investments 45
Inventory 25
Receivable 100
Current Liabilities
Trade payables 100
Income tax payables 60
Non Current Liabilities
Bank Loan 50
Deferred tax payable 25
Find the Quick Ratio
a. 1.38
b. 1.42
c. 1.46
d. 1.52
Ans - a
Solution :
Quick Ratio = (Cash in hand + Cash at Bank + Receivables + Marketable Securities) / Current Liabilities
= (25+50+45+100) / 160
= 220 / 160
= 1.38
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