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    Question

    Current Assets = ₹4,00,000; Inventory = ₹1,00,000;

    Current Liabilities = ₹2,00,000. Compute Quick Ratio.
    A 1.5 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 1.25 Correct Answer Incorrect Answer
    D 1 Correct Answer Incorrect Answer
    E 0.75 Correct Answer Incorrect Answer

    Solution

    Quick Assets = ₹4,00,000 – ₹1,00,000 = ₹3,00,000 Quick Ratio = 3,00,000 / 2,00,000 = 1.5.

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