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    Question

    A company has Current Assets = ₹6,00,000; Current

    Liabilities = ₹3,00,000; Inventory = ₹1,50,000. Calculate Quick Ratio.
    A 1.5 : 1 Correct Answer Incorrect Answer
    B 1.2 : 1 Correct Answer Incorrect Answer
    C 1.8 : 1 Correct Answer Incorrect Answer
    D 1.5 : 1 Correct Answer Incorrect Answer
    E 2 : 1 Correct Answer Incorrect Answer

    Solution

    Quick Assets = CA – Inventory = 6,00,000 – 1,50,000 = 4,50,000. Quick ratio = 4,50,000 / 3,00,000 = 1.5 : 1.

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