Question

If working capital is Rs. 60000 and current ratio is 3:1, then total current assets will be​

Answer 1

Answer:

2,00,000

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Answer 2

Answer:

Total Current Assets will be​ Rs.180000.

Step-by-step explanation:

Working Capital = Rs. 60000

Current Ratio is 3:1

Current Ratio = Current Assets (C.A)/ Current Liabilities (C.L)  = 3/1

So, CA= 3 CL

Now,

Working Capital = Current Assets(C.A) - Current Liabilities (C.L) = 60000

So,

Current Assets(C.A) - Current Liabilities (C.L) =  Rs.60000

On putting CA= 3 CL,

3 Current Liabilities (C.L)  - Current Liabilities (C.L) =  Rs.60000

 2 C.L = Rs.60000

    C.L = Rs.30000

Now, C.A = 3 x 60000 = Rs.180000

So, total current assets will be​ Rs.180000.