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From the following compute Current Ratio : ₹40,00,00022,00,000Total AssetsNon Current AssetsShareholder's Funds :Share CapitalReserve & SurplusNon Current Liabilities24,00,0003,00,0008,00,000 |
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Answer» Current RATIO = current assets / current liabilitiescurrent assets = total assets - non current assets = 4000000-2200000=1800000Total assets =total liabilitiestotal liabilities =4000000total liabilities -SHARE capital-reserve and SURPLUS --non current liabilities =current liabilities current liabilities =4000000-2400000-300000-800000=500000current ratio = 1800000/500000 =3.6:1 |
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