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Question
Current Assets of Company ₹ 6,00,000 and its Current Ratio is 2:1
Find Current Liabilities
Solution
Current ratio =`"Current assets"/"Current liabilities"`
`2/1 =(6,00,000)/"Current liabilities"`
2 × Current liabilities = 6,00,000 × 1
∴ Current liabilities = `(6,00,000) /2`
= ₹ 3,00,000
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