From the following Balance sheet of light Ltd. As at 31st March,2019, calculate current Ratio:

Additional information:
Inventorie sinclude Loose Tools of 150000
Other current Assets: Prepaid Expenses 25000, and Advance Tax 50,000.

Explanation

Current Ratio =`("Current Assets")/("Current Liabilities")=(Rs 200000)/(Rs 100000)=2:1`
Current Assets =Inventories (Except Loose Tools)+Trade Receivables
+Cash and Cash Equivalents +other Current Assets
=Rs400000- Rs 150000+Rs 300000+Rs 275000+Rs 75000=Rs900000.
Current Liabilities =Short-term Borrowings + Trade Payables + Short-term Provisions
=Rs 350000+Rs50000+Rs50000=Rs450000.