If Orange Ltd.'s current ratio is 5.5 : 1, Quick ratio is 4 : 1 and Inventory is ₹24,000, its current liabilities are :

CS Executive · Cost and Management Accounting · PYQS · December 2020
If Orange Ltd.'s current ratio is 5.5 : 1, Quick ratio is 4 : 1 and Inventory is ₹24,000, its current liabilities are :
(A) ₹8,000
(B) ₹16,000
(C) ₹30,000
(D) ₹32,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Analysis

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