3 :- A company had Current Assets of Rs 4,50,000 and Current Liabilities of Rs 2,00,000. Afterwards it purchases goods for Rs 30,000 on Credit. Calculate Current Ratio after the purchase.
Solution :-
Current Assets after Purchase = Current Assets + Stock
= 4,50,000 + 30,000
= Rs 4,80,000
Current Liabilities after Purchase = Current Liabilities + Creditors
= 2,00,000 + 30,000
= Rs 2,30,000
Current Ratio = Current Assets after Purchase/Current Liabilities after Purchase
= 4,80,000/2,30,000
= 2.09 : 1