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 Quick Ratio (Acid-Test Ratio) of the company?
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