Question

Ans
19. Calculate the current ratio from the following information :
Total assets = 3,00,000
Non-current Liabilities = 380,000
Shareholders' Fund = 2,00,000
Non-current Assets :
Fixed assets = 1,60,000
Non-current Investments =* 1,00,000
step by step​

Answer 1

Answer:

current ratio = current liabilities/ current assets = 120000/ 40000 = 3 :1

Explanation:

current assets = total assets - non current assets

= 300000 - ( 160000+100000)

= 300000 - 260000

= 40000

current liabilities = total assets + shareholders fund - non current liabilities

=300000+ 200000 - 380000

=500000 - 380000

= 120000