If, Total assets = Rs. 3,00,000… - CUET UG 2025 Accountancy PYQ

CUET UG 2025 — Accountancy Financial Statements

2025mcqmedium

If, Total assets = Rs. 3,00,000

Non-current liabilities = Rs. 80,000

Shareholders fund = Rs. 2,00,000

Non-current assets:

Fixed assets = Rs. 1,60,000

Non-current investments = Rs. 1,00,000.

Then, Current Ratio is:

Official previous-year question

Held on 13 May 2025 · Verified 13 Jul 2026.

Options

A
2:1
B
1:1
C
1:2
D
3:2

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Solution

Finding Current Assets:

Total Non-current Assets = Fixed Assets + Non-current Investments

Total Non-current Assets = Rs. 1,60,000 + Rs. 1,00,000 = Rs. 2,60,000

Current Assets = Total Assets - Non-current Assets

Current Assets = Rs. 3,00,000 - Rs. 2,60,000 = Rs. 40,000

Finding Current Liabilities:

Using the Accounting Equation: Assets = Liabilities + Shareholders' Fund

Total Liabilities = Total Assets - Shareholders' Fund

Total Liabilities = Rs. 3,00,000 - Rs. 2,00,000 = Rs. 1,00,000

Since Total Liabilities = Non-current Liabilities + Current Liabilities

Rs. 1,00,000 = Rs. 80,000 + Current Liabilities

Current Liabilities = Rs. 1,00,000 - Rs. 80,000 = Rs. 20,000

Calculating Current Ratio:

Current Ratio = $\frac{\text{Current Assets}}{\text{Current Liabilities}}$

Current Ratio = $\frac{40,000}{20,000}$ = $\frac{2}{1}$ = 2:1

Answer: Option 1 (2:1)

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