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Current liability of a company was …

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Current liability of a company was Rs 80,000 and its current ratio was 25:1 .After this ,it purchased goods for Ts 40,000 on credit calculate the revised current ratio

Posted by Aleeza Khan 6 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Shreshtha Tripathi 6 years, 3 months ago

So first we calculate current assets. 25/1=C.A/80000=2000000. Then we add 40000 and 80000 to get new amount of current liability which is Rs. 120000.then we divide 2000000/120000=16.67:1

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