If the current ratio is 3: 1, Liquid ratio is 1.5: 1 and working capital is ₹38,40,000, then current assets will be :

CS Executive · Cost and Management Accounting · PYQS · December 2021
If the current ratio is 3: 1, Liquid ratio is 1.5: 1 and working capital is ₹38,40,000, then current assets will be :
(A) ₹1,15,20,000
(B) ₹57,60,000
(C) ₹76,80,000
(D) ₹51,20,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Statement Analysis

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