Calculate the total assets from the following information.
| PARTICULARS | AMOUNT (₹) |
| Capital employed | 40,00,000 |
| Shareholder's funds | 24,00,000 |
| Current liabilities | 4,80,000 |
Answer & explanation
Correct answer: option 1
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 = 40,00,000 - 24,00,000
= ₹1600000
Total assets = Shareholder's funds + long-term debts + current liabilities
= 24,00,000 + 16,00,000 + 4,80,000
= ₹44,80,000