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?
Answer & explanation
Correct answer: option 3
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%