The relevant data from financial statements of Ross Ltd. as on 31 st March, 2016 is given below : Cash ₹1,50,000 Trade receivables ₹4,00,000 Investment (short-term) ₹3,30,000 Stock ₹25,00,000 Prepaid expenses ₹50,000 Cur

CS Executive · Cost and Management Accounting · PYQS · December 2016
The relevant data from financial statements of Ross Ltd. as on 31 st March, 2016 is given below : Cash ₹1,50,000 Trade receivables ₹4,00,000 Investment (short-term) ₹3,30,000 Stock ₹25,00,000 Prepaid expenses ₹50,000 Current liabilities ₹10,00,000 The quick ratio will be —
(A) 0.88 : 1
(B) 0.93 : 1
(C) 3.43 : 1
(D) 3.1 : 1

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Financial Management

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