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Amoutnt of Currnt asset is 12 LAC
Debt equity ratios is 3: 1 means 9 lac : 3 lac. Asset = Current Liabilities + Debt + Equity i.e
20 Lac = Current Liabilities + 9 Lac + 3 Lac
Current Liabilities = 20 Lac - 12 Lac = 8 Lac
Current Ratio is 1.5 : 1 i.e = 1.5 x 8
Current Ratio = 12 Lac