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Question
Current Ratio 3 : 1; Current Assets ₹ 60,000 . Calculate Current Liabilities.
Numerical
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Solution
Current Ratio = `"Current Assets"/"Current Liabilities"`
3 = `(₹ 60,000)/"Current Liabilities"`
Current Liabilities = `(₹ 60,000)/3`
= ₹ 20,000
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