Current liabilities of a company are ₹ 3,00,000. Its current ratio is 3: 1 and the liquid ratio is 1: 1. The value of the stock is .........

CS Executive · Corporate and Management Accounting · PYQS · June 2023
Current liabilities of a company are ₹ 3,00,000. Its current ratio is 3: 1 and the liquid ratio is 1: 1. The value of the stock is .........
(A) ₹ 3,00,000
(B) ₹ 6,00,000
(C) ₹ 9,00,000
(D) ₹ 12,00,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Statement Analysis

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