From the following compute Current Ratio :
₹
40,00,000
22,00,000
Total Assets
Non Current Assets
Shareholder's Funds :
Share Capital
Reserve & Surplus
Non Current Liabilities
24,00,000
3,00,000
8,00,000
Answers
Answered by
7
Answer:
Current ratio = current assets / current liabilities
current assets = total assets - non current assets
= 4000000-2200000=1800000
Total assets =total liabilities
total liabilities =4000000
total liabilities -share capital-reserve and surplus --non current liabilities =current liabilities
current liabilities =4000000-2400000-300000-800000
=500000
current ratio = 1800000/500000
=3.6:1
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