Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:

If the total assets of a firm are ₹11,00,000 and its non-current assets are ₹7,00,000, what will be the percentage of current assets on total assets?

Options:

30%

26.26%

40%

36.36%

Correct Answer:

36.36%

Explanation:

The correct answer is option 4- 36.36%.

Current assets = Total assets - Non current assets
                      = 1100000-700000
                      = ₹400000
% of C.A to T.A = 400000/1100000*100
                       = 36.36%