The ideal norm preferred by Banks for current ratio is:

CS Executive · Corporate and Management Accounting · PYQS · December 2019
The ideal norm preferred by Banks for current ratio is:
(A) 2:1
(B) 2.2:1
(C) 1.5:1
(D) 1.33:1

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Financial Statement Analysis

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