Question
A company has the following balances on its Balance Sheet: • Cash & Bank Balances: ₹2 crore • Trade Receivables: ₹4 crore • Inventory: ₹6 crore • Short-term Investments: ₹3 crore • Trade Payables: ₹1 crore • Provisions for bonus and doubtful debts: ₹2 crore • Other Current Liabilities: ₹7 crore Based on this information, what is the Quick Ratio of the company?
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