Question

ABC ltd. current ratio of 1.5:1 and net current assets of 500000.what are the current assets?​

Answer 1

Given: Current ratio$=1.5:1$

Value of current assets$=500000$

To find: value of current assets.

Solution:

Find the value of current assets.

$\[\begin{array}{l}1.5x - x = 500000\\ \Rightarrow 0.5x = 500000\\ \Rightarrow x = \frac{{500000}}{{0.5}}\\ \Rightarrow x = 1000000\end{array}\]$

Hence, the current assets is $1000000$.