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Accounting Ratios — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyAccounting Ratios3 Marks
Question
Calculate Current Ratio from the following information:
Particulars
₹
Particulars
₹
Total Assets.
5,00,000
Non-Current Liabilities.
1,30,000
Fixed Tangible Assets.
2,50,000
Non-Current Investments
1,50,000
Shareholders' Funds.
3,20,000
 
 
✓

Answer

Total Assets = Fixed Tangible Assets + Non - Current Investments + Current Assets
5,00,000 = 2,50,000 + 1,50,000 + Current Assets Current Assets
= 5,00,000 - 4,00,000 = ₹ 1,00,000
Total Assets = Shareholder’s Funds + Non - Current Liabilities + Current Liabilities
5,00,000 = 3,20,000 + 1,30,000 + Current Liabilities
Current Liabilities = 5,00,000 - 4,50,000 = ₹ 50,000
$\text{Current Ratio}=\frac{\text{Current Assets}}{\text{Current Liabilities}}$
$=\frac{1,00,000}{50,000}=2:1$

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