Ratio of Current Assets (₹ 3,00,000) to Current Liabilities ₹ 2,00,000) is 1.5 : 1. The accountant of the firm is

Ratio of Current Assets (₹ 3,00,000) to Current Liabilities ₹ 2,00,000) is 1.5 : 1. The accountant of the firm is interested in maintaining a Current Ratio of 2 : 1 by paying off a part of the Current Liabilities. Compute amount of the Current Liabilities that should be paid so that the Current Ratio at the level of 2 : 1 may be maintained.

[Ans.: Current Liabilities to the extent of ₹ 1,00,000 should be paid to achieve the Current ratio at the level of 2 : 1.]