Current ratio is 4:1. Net Working Capital is Rs.30,000. Find the amount of current Assets.
The current ratio is 4:1, which means that for every Rs.4 of current assets, there is Rs.1 of current liabilities. Let's assume that the amount of current liabilities is x. Then, we can write: Current assets / Current liabilities = 4/1 Current assets = 4x We also know that the net working capital is Rs.30,000. This means that: Current assets - Current liabilities = Rs.30,000 Substituting the value of current assets from the first equation, we get: 4x - x = Rs.30,000 3x = Rs.30,000 x = Rs.10,000 So, the amount of current assets is: Current assets = 4x = 4 * Rs.10,000 = Rs.40,000
According to the writer, the ancient Indian iron and steel industry was famous, because:
...Which of the following word is similar in meaning to imperial as used in the passage?
Which of the following statements is /are true based on the information and facts mentioned in this passage?
(A) While taking a decision on th...
Which of the following options proves the origination of oil in the sea?
Freedom of speech and expression is a part of which article of the constitution?
Which of the following words seems the most opposite in meaning to the word 'mend' s used in the passage?
What does the word “imprisoned” mean in context of the passage?
What is true about the device being made by the engineering researchers at California NanoSystems Institute?
What is the main objective of the Paris Agreement, as discussed in the passage?
What has increased because of new opportunities presented by Africa’s emerging markets?