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### Transcribed Question:
**Mulley General Ltd is a trading store with various goods on sale. The upper management has requested you to undertake an end-of-the-year stock take. Using information from the system, you could determine that the current liabilities are $500,000, while the current and quick ratios are 1.5x and 0.95x, respectively. Estimate the stock values for the purpose of stock take.**

### Solution:

The key ratios provided are:
- Current ratio = 1.5x
- Quick ratio = 0.95x
- Current liabilities = $500,000

First, recall the definitions:
- **Current ratio** = (Current assets) / (Current liabilities)
- **Quick ratio** = (Current assets - Inventory) / (Current liabilities)

Let:
- Current assets = $ CA $
- Inventory = $ I $
- Current liabilities = $500,000

Using the current ratio:
\[
1.5 = \frac{CA}{500,000}
\]
\[
CA = 1.5 \times 500,000 = 750,000
\]

Now, using the quick ratio:
\[
0.95 = \frac{CA - I}{500,000}
\]
\[
0.95 \times 500,000 = CA - I
\]
\[
475,000 = 750,000 - I
\]
\[
I = 750,000 - 475,000 = 275,000
\]

### Final Answer:
The stock (inventory) value is **$275,000**.

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Here are 5 related questions to further your understanding:
1. How do current and quick ratios affect liquidity assessments of a company?
2.

Mulley General Ltd is a trading store with various goods on sale. The upper management has requested you to undertake an end-of-the-year stock take. Using information from the system, you could determine that the current liabilities are $500,000, while the current and quick ratios are 1.5x and 0.95x, respectively. Estimate the stock values for the purpose of stock take.

Learn how to estimate stock value for Mulley General Ltd using the current and quick ratios provided. This problem involves key accounting and financial concepts, such as ratio analysis, inventory valuation, and the calculation of financial ratios. Suitable for university-level students or professionals.

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