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    Question

    Given: Total Assets ₹250 lakh; Equity ₹100 lakh;

    Long-term Debt ₹80 lakh; Current Liabilities ₹30 lakh; Current Assets ₹70 lakh. Calculate Debt-Equity Ratio and Current Ratio.
    A 0.7 & 1.33 Correct Answer Incorrect Answer
    B 0.8 & 2.33 Correct Answer Incorrect Answer
    C 1.0 & 2.0 Correct Answer Incorrect Answer
    D 1.2 & 2.5 Correct Answer Incorrect Answer
    E 1.5 & 3.0 Correct Answer Incorrect Answer

    Solution

    D/E = 80/100 = 0.8; Current Ratio = 70/30 = 2.33

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