Question

From the following, compute current ratio.

total assets - 100000
Shareholders fund - 60000
Non current liabilities - 20000
Non current assets - 50000​

Answer 1

Answer Total assets - non current assets = current assets = 1,00,000 - 50,000 = 50,000

Current liabilities = Total assets - shareholders fund - non current liabilities = 1,00,000 - 60,000 - 20,000 = 20,000

Current ratio = 50,000 / 20,000 = 5 : 2

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