If total assets of a firm are ₹10,00,0

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Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:

If total assets of a firm are ₹10,00,000 and its non-current assets are ₹6,00,000, what will be the percentage of current assets on total assets?

Options:

30%

20%

40%

50%

Correct Answer:

40%

Explanation:

Current assets= 1000000-600000= ₹400000
% of C.A to T.A= 400000/1000000*100= 40%