Question

the current ratio is 3:2 and the amount of current liabilities is 40,000. what is the amount of current assets a. 60,000 b. 70,000 c. 80,000 d. 1,00,000​

Answer 1

Answer:

Current ratio=3:2

Current liabilities=40,000

Current ratio=Current assets/Current liabilities

3/2=Ca/40,000

Ca=40,000×3/2

=60000

Therefore, Current assets=60,000.

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