Target Exam

CUET

Subject

-- Accountancy Part B

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:

The correct answer is option 3- 40%.

Current assets = 10,00,000 - 6,00,000
                        =  ₹4,00,000

% of C.A to T.A = 4,00,000/10,00,000 x 100
                        = 40%