Question

Current liability of a company were 80,000 and it's current ratio was 2.5:1After this it purchased goods for rupees 40,000 on credit. Calculate the revised ratio​

Answer 1

Answer:

Current Liabilities of company wer 100000 and its current Ratio was 2.5 :1.It paid 25000 to a creditor. Calculate current Ratio after the payment.