X Ltd. has a Current ratio of 3·5 : 1 and Quick ratio of 2 : 1. If excess of Current Assets over Quick Assets is represented by inventories of ₹ 16,000 and prepaid expenses of ₹ 8,000, calculate:
(a) Current Liabilities
(b) Current Assets
(c) Quick Assets
Marks-3, CBSE: 2023-24/Compartment/Set-1/Q-32
Answer :