The current ratio of Brave Ltd. is 2:1, while quick ratio is 1.8:1. If the current liabilities are ₹40,000, the value of stock will be —

CS Executive · Cost and Management Accounting · PYQS · June 2015
The current ratio of Brave Ltd. is 2:1, while quick ratio is 1.8:1. If the current liabilities are ₹40,000, the value of stock will be —
(A) ₹12,000
(B) ₹6,500
(C) ₹8,000
(D) ₹10,000.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Financial Analysis

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