Current ratio is 4:1 net working capital is rs 30,000. find the amount of current assets
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Current assets=40,000
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Answer:
Amount of current asset is 40,000
Step-by-step explanation:
Given ,
Ratio C.R = 4 : 1
We know,
C.R = C.A / C.L
C.R = 4 / 1
Let us suppose ,
C.L = x
C.A = 4x
Given,
Net working capital = 30,000
NC = CA - CL
Substituting the values,
30,000 = 4x - x
30,000 = 3x
Dividing both sides by 3,
x = 30,000 / 3
x = 10,000
Therefore,
CL = 10,000
Since,
CA = 4x
CA = 4 * 100000
CA = 40,000
Hence,
Amount of current asset is 40,000
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