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Dear sir,
Can u help me solving this with explanation,
Debt Equity ratio is3:1, the amount of total assets Rs. lac, current ratio is1.5:1 and owned funds Rs.3 lac . What is the amount of current assets.
It is simple equity is Rs. 300,000 and Debt is Rs. 900,000 because debt / Equity Ratio is 3 : 1. According figures available if we consider liabilities equal to Rs. 900,000 then current Asset value is 1.5 * Rs. 900,000 = Rs 1350,000
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