Question

Find out current asset if current labilites is 80000 and current ratio is 2:1

Answer 1

Answer:

current ratio=current asset÷current liability

2/1= current asset/80000

80000×2= current asset(cross multiply)

160000=current asset ..Ans

Answer 2

Current ratio

Explanation:

Given:

Current ratio = 2 : 1 = 2 / 1 = 2

Current liabilities = 80,000

Current assets = ?

Computation of current assets:

Current ratio = Current assets / Current liabilities

2 : 1 = Current assets / 80,000

Current assets = 2 × 80,000

Current assets = 160,000

Therefore, current assets is twice as current liabilities .

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