Question

If current liabilities are 75000rs and current ratio is 2.5:1 then find current assets.

Answer 1

Current Rato = Currrent Assets/Current Liabilities.

Let Current assets be x,

$\frac{2.5}{1} =\frac{x}{75000}$

On cross multiplication we get

x= 187500

Therefore current assets = 1,87,500

Answer 2

Current assets = 187,500

Explanation:

Given:

Current liabilities = 75,000

Current ratio = 2.5 : 1

Current assets = ?

Computation of Current assets:

Current ratio = Current assets / Current liabilities

2.5 = Current assets / Current liabilities

2.5 = Current assets / 75,000

Current assets = 2.5 × 75,000

Current assets = 187,500

Therefore, current assets is 187,500

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