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Question : The ratio of Current Assets (Rs.3,00,000) to Current Liabilities is Rs.2,00,000 then the ratio is 1.5:1. The accountant of this firm is interested in maintaining a Current Ratio of 2:1 by acquiring some Current Assets on Credit. The amount of Current Assets which must be acquired for this purpose.

Option 1: Rs 1,00,000

Option 2: Rs 50,000

Option 3: Rs 1,50,000

Option 4: Rs 2,00,000.


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Rs 1,00,000


Solution : Answer = Rs 1,00,000
Let the current assets that should be purchased on credit be X
$\frac{3,00,000+X}{2,00,000+X}$ =2:1

Then the value of X Rs.1,00,000.
Hence, the correct option is 1.

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