Read the following information and answer the following question.

Calculate the total assets from the following information.

₹44,80,000

The correct answer is option 1- ₹44,80,000.

Capital employed = shareholder's funds + long term debts
40,00,000 = 24,00,000 + long term debts
 Long term debts = ₹16,00,000

Total assets = Shareholder's funds + long-term debts + current liabilities
                    = 24,00,000 + 16,00,000 + 4,80,000
                    = ₹44,80,000