CBSECBSE (Arts) Class 12
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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.

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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`

Concept: Types of Ratios
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Chapter 3: Accounting Ratios - Exercise [Page 91]
Q 7
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TS Grewal Class 12 Accountancy - Analysis of Financial Statements
Chapter 3 Accounting Ratios
Exercise | Q 7 | Page 91
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