Question

.. Calculate the current ratio from the data given below:
Accounts payable: 20 crore
Notes Payable: 10 crore
Long term debt: 50 crore
Cash: 60 crore
Accounts receivable: * 50 crore
Inventory: 70 crore​

Answer 1

Answer:

Explanation:

current assets=cash+a/c's receivable+inventory

                       =60crore+50crore+70crore

                       =180 crore

current liabilty=20 crore+10 crore+50 crore

                      = 80 crore

current asset=180 crore÷80 crore

                      =2.25%