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?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- 36.36%.
Current assets = Total assets - Non current assets
= 11,00,000 - 7,00,000
= ₹4,00,000
% of C.A to T.A = 4,00,000/11,00,000*100
= 36.36%