Ratio of Current Assets (₹ 8,75,000) to Current Liabilities (₹ 3,50,000) is 2.5 : 1. The firm wants to maintain Current Ratio of 2 : 1 by purchasing goods on credit.
Ratio of Current Assets (₹ 8,75,000) to Current Liabilities (₹ 3,50,000) is 2.5 : 1. The firm wants to maintain Current Ratio of 2 : 1 by purchasing goods on credit. Compute amount of goods that should be purchased on credit.
[Ans.: Purchase goods of ₹ 1,75,000.]
Anurag Pathak Changed status to publish August 1, 2023
