Practical Problem 12

Current Assets of Company  6,00,000 and its Current Ratio is 2:1 Find Current Liabilities

SOLUTION:

Current Ratio = Current Assets ÷ Current Liabilities

 

2/1 = 600000 ÷ Current Liabilities

 

2 × Current Liabilities = 600000 × 1

 

∴ Current Liabilities =600000/2

 

∴ Current Liabilities = ₹ 300000