Question

If the current ratio is 2.1 and working capital is 60000 what is the value of current asset?

Answer 1

Answer:

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Answer 2

Answer:

Correct Question :

If the current ratio is 2 : 1 and working capital is Rs 60,000 what is the value of current asset?

Step-by-step explanation:

Solution :

Current ratio= 2:1

Current ratio =

$\frac{Current \: Assets}{Current \: Liabilities} = \frac{2}{1}$

Let,

Current Liabilities = x

Current Assets = 2x

Working capital = Rs. 60,000

Working capital = Current Assets - Current Liabilities

60,000 = 2x - x

60,000 = x

x = 60,000

Current Liabilities = Rs. 60,000

Current Assets = 2x

2 × 60,000

1,20,000

Current Assets = Rs. 1,20,000

Hence, the Value of Current Assets is Rs. 1,20,000