Read the following information and answer the following question.
| PARTICULARS | AMOUNT (₹) |
| Gross profit | ₹1,00,000 |
| Working capital | ₹25,000 |
| Office and administrative expenses | ₹10,000 |
| Selling and distribution expenses | ₹25,000 |
| Interest on long-term debts | ₹8,000 |
| Tax | ₹12,000 |
| Non-current assets | ₹3,00,000 |
| Current assets | ₹1,50,000 |
| Current liabilities | ₹1,25,000 |
Calculate total assets of the company.
Answer & explanation
Correct answer: option 2
The correct answer is option 2- ₹4,50,000
Total assets = Non-current assets + Current assets
= ₹3,00,000 + ₹1,50,000
= ₹4,50,000