Practical Problem 17
Calculate
1) Current Assets | ₹ 3,00,000 |
2) Current Liabilities | ₹ 1,00,000 |
What is current Ratio.
SOLUTION:
Solution:
Current Ratio = (Current Assets)/(Current Liabilities)
∴ Current Ratio = 300000/100000
∴ Current Ratio = 3/1
∴ The Current Ratio is 3:1