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    Question

    A company reports Current Assets ₹6,00,000, Current

    Liabilities ₹3,00,000, Inventory ₹1,20,000, Cash ₹60,000. What is the company’s Quick Ratio?
    A 2.0 Correct Answer Incorrect Answer
    B 1.5 Correct Answer Incorrect Answer
    C 1.8 Correct Answer Incorrect Answer
    D 1.6 Correct Answer Incorrect Answer
    E 1.4 Correct Answer Incorrect Answer

    Solution

    Quick Assets = CA – Inventory = 6,00,000 – 1,20,000 = 4,80,000. Quick Ratio = 4,80,000 / 3,00,000 = 1.6.

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