When inventory is ₹ 1,00,000, prepaid expenses are ₹ 20,000, current liabilities are ₹ 80,000 and quick-ratio is 2.5. Current ratio will be __________.
CS Executive · Corporate and Management Accounting · PYQS · December 2023
When inventory is ₹ 1,00,000, prepaid expenses are ₹ 20,000, current liabilities are ₹ 80,000 and quick-ratio is 2.5. Current ratio will be __________.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Financial Accounting
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