SolveIt is under development
SolveItNCERT · CBSE · NEET
Question 70 / 159 · latest first
✓ Board-verified
Accountancy · 2025 · 4 marks

CBSE 2025 · Region 5 · Set 3 · Q33

The current ratio of Jack Ltd. is 3·2: 1 and the quick ratio is 1·5: 1. The excess of current assets over quick assets was represented by inventories…

The current ratio of Jack Ltd. is $\displaystyle 3$·$\displaystyle 2$ : $\displaystyle 1$ and the quick ratio is $\displaystyle 1$·$\displaystyle 5$ : 1. The excess of current assets over quick assets was represented by inventories which were ₹ $\displaystyle 68$,000. Calculate : (i) Current Assets (ii) Quick Assets (iii) Current Liabilities
ShareWhatsAppTelegram

More from Accounting Ratios

CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.