Calculate Current Ratio from the following: Current Assets 8,00,000; Inventory * 4,00,000 (including Loose Tools 1,50,000; Spare Parts 50,000) and Working Capital * 5,00,000.
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Explanation:
Current Ratio=Current AssetsCurrent Liabilities=Rs450000⋅Rs300000=1.5:1
Woking capital =current assets-current libalilities
Current liabilities =current asset=working capital
=Rs 525000-Rs 225000=Rs 300000
Current assets =current assets- Loose Tools
=Rs 525000-Rs 75000-Rs 450000
Note Loose Tools are excluded from current assets to compute current ratio.
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