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 —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Financial Analysis
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