Question

Current ratio is 5:2 and working capital is 60000 then current asset is??

Answer 1

Current Ratio = Current Assets (C.A)/ Current Liabilities (C.L) = 2/1

So, CA= 2 CL

Now, Working Capital = Current Assets(C.A) minus Current Liabilities (C.L) = Rs.60000

So, C.A - C.L = 60000

2 C.L-CL = 60000

C.L = Rs.60000

Now, C.A = 2 x 60000 = Rs.120000

Answer 2

Answer:

2*60000=

120000

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