Advertisement Remove all ads

Trade Payables ₹ 50,000, Working Capital ₹ 9,00,000, Current Liabilities ₹ 3,00,000. Calculate Current Ratio. - Accountancy

Sum

Trade Payables ₹ 50,000, Working Capital ₹ 9,00,000, Current Liabilities ₹ 3,00,000. Calculate Current Ratio.

Advertisement Remove all ads

Solution

Working Capital = Current Assets - Current Liabilities

900000 = Current Assets - 300000

Current Assets = 900000 + 300000 = Rs 1200000

`"Current Ratio" = "Current Assets"/ "Current liability"= 1200000/300000 = 4 : 1`

  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

TS Grewal Class 12 Accountancy - Analysis of Financial Statements
Chapter 3 Accounting Ratios
Exercise | Q 7 | Page 91
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×