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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.

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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