Question

a firm had current assets of rs 410000. It then paid trade payable of rs 50000. After this payment,the current ratio was 2.4:1. Ascertain the amount of current liabilities and working capital after the payment.​

Answer 1

Answer:

current assets = 410000

current assets after payment (410000-50000) = ₹360000

current ratio = current assets/current liabilities

2:4 = 360000/current liabilities current liabilities = ₹150000

working capital = current assets - current liabilities

working capital = 360000 - 150000 = ₹210000

Answer 2

The current Liabilities of the firm are 1,58,333 and Working Capital is 2,21,667.

GIVEN: Current Asset= 4,10,000, Trade Payable = 50,000.

TO FIND: Current Liabilities, Working Capital

SOLUTION:

Current assets =4,10,000

Current assets after payment of 50,000 = 4,10,000 - 30,000(Cash Given)

                                                                = Rs3,80,000

As the current ratio is 2.4 and current assets are Rs 3,80,000

Current Ratio = Current Assets/Current liabilities

Therefore, Current liabilities =3,80,000/2.4 =

                                              158333

Working capital = current assets - current liabilities

                          = 3,80,000 - 1,58,333

                          = Rs 221667

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