If Working Capital is ₹24 Lakh, Total Debt is ₹52 Lakh and Long-term Debt is ₹40 Lakh, then current ratio will be :

CS Executive · Cost and Management Accounting · PYQS · December 2018
If Working Capital is ₹24 Lakh, Total Debt is ₹52 Lakh and Long-term Debt is ₹40 Lakh, then current ratio will be :
(A) 2 : 1
(B) 3 : 1
(C) 0.6 : 1
(D) 1.9 : 1

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Ratio Analysis

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