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Question
Total assets of a firm are ₹ 20,00,000 and its non-current assets are ₹ 8,00,000. What will be the percentage of non-current assets on total assets?
Options
60%
40%
29%
71%
MCQ
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Solution
40%
Explanation:
Percentage of non-current assets on total assets = `"Non-current assets"/"Total assets" xx 100`
= `(₹ 8,00,000)/(₹ 20,00,000) xx 100`
= 0.4 × 100
= 40%
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