a company had current assets of 300000 . it then paid a current liabilities of 60000. after the payment, the current ratio was 2:1 . determine the size of current liabilities and working capital after and before the payment was made
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Explanation:
Working note number 1 - calculation of current liabilities
Working capital = Current Assets - Current liabilities
Current liabilities = Current assets - Working capital.
= 3,00,000 - 2,25,000
= 75,000.
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