Question

Current Assets of Company ₹ 6,00,000 and its Current Ratio is 2:1

Find Current Liabilities

Answer 1

Current ratio =`"Current assets"/"Current liabilities"`

`2/1 =(6,00,000)/"Current liabilities"`

2 × Current liabilities = 6,00,000 × 1

∴ Current liabilities = `(6,00,000) /2`

= ₹ 3,00,000