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The ratio of Current Assets (Rs. 3,00,000) to Current Liabilities is 2.4 : 1. The accountant of this firm is interested in maintaining a current ratio of 2 : 1 by acquiring some Current Assets on Credit. You are required to suggest him the amount of current assets which be acquired for his purpose. |
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Answer» The ratio of Current Assets (Rs. 3,00,000) to Current Liabilities is 2.4 : 1. The accountant of this firm is interested in maintaining a current ratio of 2 : 1 by acquiring some Current Assets on Credit. You are required to suggest him the amount of current assets which be acquired for his purpose. |
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