2. A firm's total assets consist of fixed assets and current assets. It has fixed assets of...
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2. A firm's total assets consist of fixed assets and current assets. It has fixed assets of 77 crore. The firm has financed its total assets by total funds of 155 crore which comprises shareholders' funds, borrowings and current liabilities. The shareholders' funds are *50 crore. The current ratio of the firm is 1.8. Calculate current assets to total assets ratio (CA/TA), fixed assets to current asset ratio and current liabilities to total funds (CL/TF) ratio. Comment on the firm's working capital.
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