1.

Calculate current ratio: Total current liabilities Rs. 2,40,000; Total current assets Rs. 4,80,000.

Answer»

Current Ratio = (Current Assets)/(Current Liabilities) 

Current assets = Rs. 4,80,000 

Current liabilities = Rs. 2,40,000 

∴ Current Ratio = 4,80,000/2,40,000

= 2 : 1



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