If the current ratio is 2 : 1 and working capital is rs. 60,000, what is the value of the current assets?
Answers
Answered by
0
it is little bit different from the question which I had done in notebook
Answered by
0
Answer:
The Value of Current Assets is Rs. 1,20,000
Explanation:
Solution :
Current ratio= 2:1
Current ratio =
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
Similar questions