Ratio of Current Assets (600000) to Current Liabilites (400000) is 1.5:1. The accountant of the firm
Channel: Doubtnut
Date: 2020-03-29

Ratio of Current Assets (600000) to Current Liabilites (400000) is 1.5:1. The accountant of the firm is interested in maintaining a current Ratio of 2:1, by paying a part of the Current Liabilites.Compute amount of current Liabilites that should be paid , so that Current Ratio at the leve of 2:1 may be maintained