banner_ad

give answer of this qus....

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 June 2010 STOCK TURNOVER 5 TIMES
sales RS. 720000
GP ratio 25%
Current Liablities RS. 240000
Liquid Ratio 1.25
closing stock RS. 30000 more than opening stock

CALCULATE TOTAL CURRENT Assets????????
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
29 June 2010 stock turnover 5 times means average stock is 1/5 the sales

So avg st = 720000 / 5 = 144,000

Increase in cl stock by Rs. 30,000/-

So op st = 129,000, cl st = 159,000/-

Liquid ratio = 1.25
so liquid current assets = 240,000 * 1.25 = 300000

current assets = 300000 + 159000 stock
= 459000
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details