Accountancy, asked by putch4727, 1 month ago

Working capital 480000 and trade paybles 200000 bank overdraft 150000 calculate current ratio

Answers

Answered by sangeeta9470

0

Answer:

Current Ratio =Current Assets / Current liability

Working capital = Current Assets - current liability

Current liability = Trade payable + bank overdraft

= 200000+150000

= 350000

Working capital = Current Assets - current liability

480000 = Current Assets - 350000

Current assets = 480000+350000

= 830000

Current Ratio = 830000/350000

= 2.37

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