Accountancy, asked by mayanksir44, 7 months ago

current assets of company were 720000 and its current ratio was 2.4:1 afterwards it made payment of rs 100000 to its creditors. calculate the current ratio after the payment​

Answers

Answered by dhanikaR
2

Answer:

Given,

Current liabilities = Rs-1,75,000

Current Ratio = 2:1

If 30,000 is paid to a creditor it will reduce both current assets as well as current liabilities as cash is being paid and creditors are reduced. Hence, new ratio will be:-

Current Ratio = Current Assets

-------------------------

Current liabilities

= 3,50,000 (WN 1) - 30,000

--------------------------------------

1,75,000 - 30,000

= 3,20,000

--------------

1,45,000

= 2.2 : 1

Working note 1) = Current assets

Current Ratio = Current Assets

-------------------------

Current liabilities

Current Assets = Current liabilities x current ratio

= 1,75,000 x 2

= 3,50,000.

Answered by viditu356
23

Answer:

current ratio = current assets/current liabilities

current liabilities = 7,20,000/2.4 = 3,00,000

current assets after payment = 7,20,000 - 1,00,000 = 6,20,000

current liabilities after payment = 3,00,000- 1,00,000 = 2,00,000

current ratio = current assets / current liabilities

= 6,20,000/2,00,000

= 3.1 : 1

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