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The Current Ratio of 1.5 : 1 and Net Current Assets of $ 5,000. What are the Current Assets?

<p style="text-align:justify;"><strong><em><span>(a)$5,000</span></em></strong></p> <p style="text-align:justify;"><strong><em><span> (b)$10,000 </span></em></strong></p> <p style="text-align:justify;"><strong><em><span>(c)$15,000</span></em></strong></p> <p style="text-align:justify;"><strong><em><span> (d)$25,000</span></em></strong></p>

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Question ajoutée par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date de publication: 2014/12/20
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Lesley Lanag CMA CPA
par Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

C.15000

 

1.5X - X =5000

X =10000

Current asset is1.5X =15000

 

georgei assi
par georgei assi , مدير حسابات , المجموعة السورية

The answer C-15000

Mir Mujtaba Ali
par Mir Mujtaba Ali , Internal Audit Manager , Confidential

c

Alex Al Yazouri
par Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

(c)$15,000

Khan Sohal khan
par Khan Sohal khan , Associate , State Street Syntel Services Pvt Ltd.

C is the ans

Ahmed kandil
par Ahmed kandil , Cost Controller , Battour Holding Cpompany

Answer is C 

current asset / current liabilities =1.5/1

current assets =1.5 L

because working capital equal current asset - current liabilities

1.5 L - L =5000  

,5 L =5000

L=5000/.5 

L=10000

because the percentage of current ratio is1.5 

this mean that current assets cover current liabilities by50% over 

thus current asset =10000*1.5 =15000 

 

Answer is C 

 

 

Faraz Sultan
par Faraz Sultan , head of regional operations , BMSA GLOBAL

C

mohamed Hakim CMA CPA Candidate
par mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

Number c15000

 

Almutaz Bakry Sidahmed
par Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate

 It is (c) $15,000

Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

The answer is :"(c)$15,000"

Salah Othman Yousef Alshambaati
par Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

c

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