Working capital is Rs 7,20,000; Trade payable is Rs 40,000; Other current liabilities Rs 2,00,000; Current ratio is
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Answered by
10
Answer:
Current ratio = 4 : 1
Explanation:
☆Current ratio = current asset : current liability
☆Current liability = Trade payable + Other current liability
Current liability = 40,000 + 2,00,000
☆Current liability = 2,40,000
☆Current asset = working capital + current liability
Current asset = 7,20,000 + 2,40,000
☆Current asset = 9,60,000
▪Current ratio = 9,60,000 : 2,40,000
▪Current ratio = 96 : 24
▪Current ratio = 4 : 1
Answered by
0
Answer:
Current ratio = 4:1
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