Mahi Ltd. has closing stock ₹648 Lakh and prepaid expenses ₹32 Lakh. Total liquid assets were ₹1,830 Lakh. If the liquid ratio is 1.5: 1, then working capital will be:
CS Executive · Corporate and Management Accounting · PYQS · December 2019
Mahi Ltd. has closing stock ₹648 Lakh and prepaid expenses ₹32 Lakh. Total liquid assets were ₹1,830 Lakh. If the liquid ratio is 1.5: 1, then working capital will be:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Statement Analysis
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