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CBSE Class 12-commerce Answered

Current ratio improves with increase in sales at profit  True or false 
Asked by yuvrajdhaliwal63 | 05 Dec, 2019, 04:55: PM
answered-by-expert Expert Answer
Current Ratio is a comparison between the current assets and current liabilities to determine whether the available current assets are sufficient to meet the current liabilities. If the current assets are double the current liabilities, it is considered as the ideal ratio and therefore, any transaction that makes available more and more current assets for paying the current liabilities will improve the current ratio.
Answered by Surabhi Gawade | 06 Dec, 2019, 04:15: AM

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