The current ratio of the firm 2.2:1 and its net working capital is rs 2,40,000 calculate ts cureent assets and current liabilities
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working capital = current asset - current liabilities
240000 =CA - CL
CA = 240000+ CL
CURRENT RATIO = CA /CL
2.2/ 1 = 240000- CL / CL
2.2 CL. = 240000- CL
2.2 CL - CL. = 240000
1.2CL. =240000.
CL. = 240000/1.2
CL = 200000
CA = 240000+200000
CA =440000
240000 =CA - CL
CA = 240000+ CL
CURRENT RATIO = CA /CL
2.2/ 1 = 240000- CL / CL
2.2 CL. = 240000- CL
2.2 CL - CL. = 240000
1.2CL. =240000.
CL. = 240000/1.2
CL = 200000
CA = 240000+200000
CA =440000
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