A firm had Current Assets of ₹ 5,00,000. It paid Current Liabilities of ₹ 1,00,000 and the Current Ratio became 2 : 1.

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A firm had Current Assets of ₹ 5,00,000. It paid Current Liabilities of ₹ 1,00,000 and the Current Ratio became 2 : 1. Determine Current Liabilities and Working Capital before and after the payment was made.

[Ans.: Current Liabilities before payment ₹ 3,00,000; after payment ₹ 2,00,000; Working Capital before payment ₹ 2,00,000; after payment ₹ 2,00,000.]

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