36. If Working Capital is 24 Lakh, Total Debt
is 52 Lakh and Long-term Debt is 40
Lakh, then current ratio will be :
(A) 2:1
B) 3:1
(C) 0.6 : 1
(D) 1.9 : 1
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Answer:
current liabilities = total debt - long term debt
= 52,00,000 - 40,00,000
= 12,00,000
current assets = working capital + current liabilities
= 24,00,000 + 12,00,000
= 36,00,000
current ratio = current assets/current liabilities
= 36,00,000/12,00,000
= 3:1
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