Current Ratio is 2.5 : 1 and Liquid Ratio is 1.5 : 1. If inventory is ₹9,60,000, then the amount of current assets will be :

CS Executive · Cost and Management Accounting · PYQS · December 2018
Current Ratio is 2.5 : 1 and Liquid Ratio is 1.5 : 1. If inventory is ₹9,60,000, then the amount of current assets will be :
(A) ₹9.6 Lakh
(B) ₹14.40 Lakh
(C) ₹24 Lakh
(D) ₹38.40 Lakh

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Ratio Analysis

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