64. Quick ratio is 1.8: 1, current ratio is 2.7: 1 and current liabilities are ₹60,000. Determine the value of stock.
CS Executive · Cost and Management Accounting · PYQS · June 2021
64. Quick ratio is 1.8: 1, current ratio is 2.7: 1 and current liabilities are ₹60,000. Determine the value of stock.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Financial Statement Analysis
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