Accountancy, asked by shahinap781, 5 months ago

Ratio of current assets 1000000 to current liabilities 400000 is 25:1 . the firm is interested in maintaining a current assets on credit. you are required to suggest the amount of current assets that should be acquired

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Answered by anuradhamore11
0

Ratio of Currents Assets(1000000) to Current Liabilites (400,000) is 2.5:1. The accountant of the firm is interested in maintaining a current Ratio of 2:1 by acquiring some current assets on credit.

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