If total assets of a firm are Rs 10,00,000 and its non-current assets are Rs 6,00,000, what will be the percentage of current assets on total assets?
Answer & explanation
Correct answer: option 1
The correct answer is option 1- 40%.
Current Assets = Total assets - Non current assets
= 10,00,000- 6,00,000
= 4,00,000
Percentage of Current Assets on total assets = Current assets/Total assets x 100
= 4,00,000/10,00,000*100
= 40%