Mehgna Company's working capital was Tk. 40,000 and total current liabilities were 1/4 of that amount. The current ratio was :

Mehgna Company's working capital was Tk. 40,000 and total current liabilities were 1/4 of that amount. The current ratio was : Correct Answer 5 to 1

Working Capital = 40, 000. Here Current Liability = 1/4 of 40000 = 10000. We know, working Capital = Current Asset - Current Liability or, 40000 = Current Asset - 10000 or, Current Asset = 50000 So, Current Ratio = Current Asset / Current Liability or, Current Ration = 50000 / 10000 Current Ratio = 5/1 or 5 to 1
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