Business Studies, asked by harshnims7842, 1 year ago

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 umagoyal123
0

it is little bit different from the question which I had done in notebook

Answered by Alzir
0

Answer:

The Value of Current Assets is Rs. 1,20,000

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

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