Question

Use the following financial data to answer the questions: Current Assets = Rs. 8,40,000  |  Current Liabilities = Rs. 3,50,000  |  Inventory = Rs. 2,10,000 Net Sales = Rs. 18,00,000  |  Cost of Goods Sold = Rs. 13,50,000  |  Net Profit after Tax = Rs. 1,80,000 Total Assets = Rs. 15,00,000  |  Shareholders' Equity = Rs. 9,00,000 What is the Current Ratio of the company?

A 1.5 : 1
B 2.0 : 1
C 2.4 : 1
D 3.0 : 1
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