Solve the following :
(a) Current liabilities of a company are 4,00,000. Its current ratio is 2.5 : 1 and liquid ratio is 1.5 : 1. Calculate the value of Current Assets, Liquid Assets and Inventories.
(b) If the current ratio is 2.5, liquidity ratio is 1.6 and working capital 90,000. Find the value of Current Assets, Current Liabilities and Stock.
