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