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+2 votes
68.0k views
in Business Studies by (73.6k points)

Current ratio is 2:5. Current liability is Rs.30000. The Net working capital is 

a) Rs.18,000 

b) Rs.45,000 

c) Rs.(-) 45,000 

d) Rs.(-)18000 

1 Answer

+3 votes
by (77.6k points)
selected by
 
Best answer

d) Rs.(-)18000 

by (10 points)
edited by
+1
Current ratio = current assets ÷ current liabilities
                   2:5 = current assets ÷ 30000
0.4 = current assets ÷ 30000
  0.4 × 30000 = current assets
 
So ,   current assets = 12000

Working capital = current assets - current liabilities
                                = 12000 - 30000
                                = (-)18000

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