Question

Current assets of company is rs. 6,00,000 and it's current ratio is 2:1. Find current liabilities​

Answer 1

Answer:

300000

Explanation:

Current ratio = Current asset ÷ Current liabilities

2 ÷ 1 = 6,00,000 ÷ Current liabilities

we apply cross multiplication

2 current liabilities = 600000

Current liabilities = 300000

Answer 2

Answer:

3,00,000 is the value of current liabilities .

Explanation:

Given , current assets = Rs 6,00,000.

and current ratio= 2:1 = $\frac{2}{1}$

Formula of Current Ratio  = $\frac{Current \ Assets }{Current \ Liabilities }$

⇒Current Liabilities = $\frac{ Current \ Assets }{ Current \ Ratio}$

Now put the given value in the above formula we get ,

⇒Current Liabilities = $\frac{6,00,000}{\frac{2}{1} }$ = $\frac{6,00,000}{2}$ = 3 ,00,000

Hence , the current liabilities is Rs 3,00,000.

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