If a company's current assets are ₹28,20,000; Inventory ₹9,30,000 and working capital ₹15,60,000. The liquid ratio will be:

CS Executive · Cost and Management Accounting · PYQS · December 2021
If a company's current assets are ₹28,20,000; Inventory ₹9,30,000 and working capital ₹15,60,000. The liquid ratio will be:
(A) 3.03:1
(B) 1.5: 1
(C) 1.81:1
(D) 2.24: 1

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Statement Analysis

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