Current Ratio is 3.5:1. Working Capital is Rs 90,000. Calculate the amount of Current Assets and Current Liabilities.
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Current assets = 126,000
Current Liabilities = 36,000
Explanation:
Given:
Current ratio = 3.5 : 1
Working capital = 90,000
Current assets = ?
Current Liabilities = ?
Computation:
Working capital = Current assets - Current Liabilities
90,000 = Current assets - Current Liabilities
Current assets = 90,000 + Current Liabilities
Current ratio = Current assets / Current Liabilities
3.5 = (90,000 + Current Liabilities) / Current Liabilities
Current Liabilities = 36,000
Current assets = 90,000 + Current Liabilities
Current assets = 90,000 + 36,000
Current assets = 126,000
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