Question

Revenue from operations Rs.9,60,000, current liabilities Rs.20,000 working capital turnover ratio 8 times,

current assets will be –

a) Rs.1,40,000 b) Rs.1,20,000 c) Rs.1,00,000 d) Rs.1,60,000​

Answer 1

Answer:

Rs120000

Explanation:

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Answer 2

Answer:

(a) Current Assets = 1,40,000

Explanation:

working capital ratio = RFO/WC

8 = 960,000/CA-20000

8(CA- 20,000) = 960,000

CA = 120,000+ 20,000

= 1,40,00