Accountancy, asked by unknown2908, 4 months ago

total liabilities 500000,long term liability 280000, current assets 340000. find current ratio

Answers

Answered by ranjitguha96

0

Answer:

Current ratio= Current Assest/Current Liabilities

Current ratio= 340000/220000= 1.55 times

Explanation:

Current Assets= 340000

Current liability= Total Liabilities- Long term liabilities

Current liability= 500000-280000= 220000

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