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    Question

    Current ratio of a firm is 2. If current liabilities are

    ₹1,20,000, then current assets are:
    A ₹60,000 Correct Answer Incorrect Answer
    B ₹1,20,000 Correct Answer Incorrect Answer
    C ₹2,40,000 Correct Answer Incorrect Answer
    D ₹3,60,000 Correct Answer Incorrect Answer
    E ₹1,80,000 Correct Answer Incorrect Answer

    Solution

    Current ratio = CA/CL = 2 → CA = 2 × CL = 2 × 1,20,000 = ₹2,40,000.

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