**SOLUTION**

**Current ratio = Current assets / Current liabilities= 3.5 / 1**

**Quick ratio = Quick assets / Current liabilities**

= 2 / 1

= 2 / 1

**Let Current Liabilities be = x**

**Current Assets = 3.5**

*x***Quick Assets = 2**

*x***Stock = Current Assets − Quick Assets**

**24,000 = 3.5**

*x*− 2*x***= or, 24,000 = 1.5**

*x***X (Current Liabilities) = 16,000****Current Liabilities = x = Rs. 16,000Current Assets = 3.5 x = 3.5 × 16,000 = Rs. 56,000**