The current assets of a company are Rs.15,00,000 . its current ratio is 3:1 and liquid ratio is 1.25:1. calculate the amount of current liabilities and liquid assets.
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current ratio=
= current assets /current liability
3/1 =. 1500000/ current liability
3 current liability= 1500000
current liability = 1500000/3
= 500000
Liquid ratio = liquid assets/current liability
1.25/1 =. liquid assets/500000
liquid assets = 1.25*500000
= 625000
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