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Question
Current Ratio 4.2 : 1; Current Liabilities ₹ 2,00,000. Calculate Current Assets.
Numerical
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Solution
Current Ratio = `"Current Assets"/"Current Liabilities"`
4.2 = `"Current Assets"/(₹ 2,00,000)`
Current Assets = ₹ 2,00,000 × 4.2
= ₹ 8,40,000
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