The following information is given : Current Ratio: 3 Acid Test Ratio: 1.8 Current Liabilities: ₹20 lakh What is the value of Inventory?

CS Executive · Corporate and Management Accounting · PYQS · June 2022
The following information is given : Current Ratio: 3 Acid Test Ratio: 1.8 Current Liabilities: ₹20 lakh What is the value of Inventory?
(A) ₹36 lakh
(B) ₹30 lakh
(C) ₹24 lakh
(D) ₹60 lakh

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Management Accounting

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