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2 years ago

A company has current ratio 2.7:1 and liquid ratio 1.8:1 Total liabilities are 22500 the find the value of current assets

Business

1 answer:

Schach [20]2 years ago

6 0

Answer:

The value of current assets are 60,750.

Explanation:

This can be calculated using the current ratio formula as follows:

Current ratio = Current assets / Current liabilities .............. (1)

Where;

Current ratio = 2.7

Current assets = ?

Current liabilities = Total liabilities = 22500

Substituting the values into equation (1) and solve for Current assets, we have:

2.7 = Current assets / 22500

Current assets = 2.7 * 22500

Current assets = 60,750

Note:

It should be noted that in Accounting when no information is given about Non-current liabilities, it indicates that current liabilities are to Total liabilities .

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2 years ago

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Angelina_Jolie [31]

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