Question

If total assets of a firm are ₹ 8,20,000 and its non-current assets are ₹ 5,90,400, what will be the percentage of current assets on total assets?

Options

• 42%

• 58%

• 28%

• 72%

Answer 1

28%

Explanation:

Current Assets = Total Assets − Non-Current Assets

= ₹ 8,20,000 − ₹ 5,90,400

= ₹ 2,29,600

Percentage of current assets on total assets = `"Current Assets"/"Total Assets" xx 100`

= `(₹ 2,29,600)/(₹ 8,20,000) xx 100`

= 28%