X Ltd., has a current ratio of 3:1 and quick ratio of 2:1. If excess of current assets over quick assets, represented by inventories is Rs. 5,000, calculate current assets and quick assets.

The correct option is Rs. 15000; Rs. 10000.

Let us break down the solution step-by-step using the given information:

1. Understanding the Ratios:
The Current Ratio is given as 3:1. The formula for the Current Ratio is:
$$\text{Current Ratio}=\frac{\text{Current Assets (CA)}}{\text{Current Liabilities (CL)}}$$
Therefore, we can write:
$$\text{CA}=3\times \text{CL}$$
Let this be Equation (1).

2. Understanding the Quick Ratio:
The Quick Ratio is given as 2:1. The formula for the Quick Ratio is:
$$\text{Quick Ratio}=\frac{\text{Quick Assets (QA)}}{\text{Current Liabilities (CL)}}$$
Therefore, we can write:
$$\text{QA}=2\times \text{CL}$$
Let this be Equation (2).

3. Using the Inventory Information:
The problem states that the excess of current assets over quick assets is represented by inventories, which is Rs. 5,000.
Mathematically:
$$\text{Inventories}=\text{CA}-\text{QA}$$
Substituting the value of Inventories:
$$\mathrm{5,000}=\text{CA}-\text{QA}$$
Let this be Equation (3).

4. Solving for Current Liabilities (CL):
Substitute Equation (1) and Equation (2) into Equation (3):
$$\mathrm{5,000}=3\text{CL}-2\text{CL}$$
Simplifying this gives:
$$\text{CL}=\text{Rs.}\mathrm{5,000}$$

5. Calculating Current Assets (CA) and Quick Assets (QA):
Now, substitute the value of CL back into Equations (1) and (2):
For Current Assets:
$$\text{CA}=3\times \mathrm{5,000}=\text{Rs.}\mathrm{15,000}$$
For Quick Assets:
$$\text{QA}=2\times \mathrm{5,000}=\text{Rs.}\mathrm{10,000}$$

Thus, the Current Assets are Rs. 15,000 and the Quick Assets are Rs. 10,000.