working capital is 700000, creditors 80000, other current liabilities 400000, calculate current ratio
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12
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After payment of Rs 25000 to a creditor, cash or bank (i.e curent assets) and creditors (i.e current liablilities ) both will reduce by Rs 25000 each . Thus, Current assets =Rs 250000-Rs250000=Rs 225000, Current liabilites =Rs 100000-Rs 25000=Rs75000.
Answered by
4
Answer:
Explanation:
After payment of Rs 25000 to a creditor, cash or bank (i.e curent assets) and creditors (i.e current liablilities) both will reduce by Rs 25000 each. Thus, Current assets =Rs 250000-Rs250000=Rs 225000, Current liabilites =Rs 100000-Rs 25000=Rs75000.
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