Question

If the current ratio is 2.5, Liquidity ratio is 1.5 and working capital Rs.80,000, find out current assets and current liabilities.

Answer 1

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Answer 2

Current liabilities = 53,333.33

Current assets = 1,33,333.33

Explanation:

Given:

Current ratio = 2.5

Liquidity ratio = 1.5

Working capital = 80,000  

Current assets = ?  

Current liabilities = ?  

Computation:

Working capital = Current assets - Current Liabilities

80,000 = Current assets - Current Liabilities

Current assets = 80,000 + Current liabilities

Current ratio = Current assets / Current liabilities

2.5 = (80,000 + Current liabilities) / Current liabilities

2.5 Current liabilities = 80,000 + Current liabilities

1.5 Current liabilities = 80,000

Current liabilities = 53,333.33

Current assets = 80,000 + Current liabilities

Current assets = 80,000 + 53,333.33

Current assets = 1,33,333.33

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