Question

current ratio 3:1 and working capital in ₹ 80000,then current assets will be ?​

Answer 1

Current assets = 60,000

Step-by-step explanation:

Given:

Current ratio = 3:1

Working capital = 80,000

Current assets = ?

Computation of current assets:

Current ratio = Current assets / Current liabilities

3 = Current assets / Current liabilities

Current liabilities = Current assets / 3

Working capital = Current assets - Current liabilities

80,000 = Current assets - [Current assets / 3]

80,000 = 1.3333333 Current assets

Current assets = 60,000

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