Quick ratio is 1.8:1, current ratio is 2.7:1 and current liabilities are GHS 60,000. Determine value of inventory.a.GHS 60,000b.GHS 54,000c.None of the aboved.GHS 1, 62,000

To determine the value of inventory, we can use the formulas for the quick ratio and the current ratio.

The quick ratio (also known as the acid-test ratio) is calculated as (Current Assets - Inventory) / Current Liabilities. The current ratio is calculated as Current Assets / Current Liabilities.

Given that the quick ratio is 1.8:1 and the current liabilities are GHS 60,000, we can set up the following equation:

(Current Assets - Inventory) / 60,000 = 1.8

Solving for Current Assets - Inventory gives us GHS 108,000.

Similarly, given that the current ratio is 2.7:1 and the current liabilities are GHS 60,000, we can set up the following equation:

Current Assets / 60,000 = 2.7

Solving for Current Assets gives us GHS 162,000.

Finally, to find the value of the inventory, we subtract the value we found for Current Assets - Inventory from the value we found for Current Assets:

162,000 - 108,000 = GHS 54,000

So, the value of the inventory is GHS 54,000. Therefore, the correct answer is b. GHS 54,000.