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Current asset of a company are 306000 and its current ratio is 1.8 afterwards, it issues new equity shares of 100000 calculate the revised current ratio

Posted by Steph Jordan 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Seema Agrawal 6 years, 8 months ago

Step 1- calculation of current liabilities Current ratio= current assets/current liabilities As given in question 1.8 = 306000/current liabilities 306000=1.8current liabilities Current liabilities= 306000/1.8 = 170444 Step 2- as given in question company has issue of rs 100000 equity shares, it will increase your current assets. There will not be any changes in current liability. Revised current assets = 306000+100000= 406000 Step 3 - revise current ratio 406000/170444 =. 2.38

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