Find out current asset if current labilites is 80000 and current ratio is 2:1
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Answer:
current ratio=current asset÷current liability
2/1= current asset/80000
80000×2= current asset(cross multiply)
160000=current asset ..Ans
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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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