ratio of current assets (rs 875000) to current liabilities (350000) is 2.5:1. the firm wants to maintain current ratio of 2:1 by purchasing goods on credit. compute amount of goods that should be purchased on credit.
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The old ratio is 2.5:1 means 250000:100000.
Firm wants ratio 200000:100000.
The goods will be of 50000.
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