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    Question

    XYZ Ltd. is a medium-sized manufacturing company. Its

    summarized Balance Sheet and additional financial information for the year ended 31st March 2024 are given below. Use this data to answer the following independent questions. Balance Sheet of XYZ Ltd. (as on 31st March 2024) Additional Information (from P&L A/c) • EBIT = ₹12,00,000 • Provision for tax = 40% Calculate the Current Ratio of XYZ Ltd. from the given data.
    A 3.5 : 1 Correct Answer Incorrect Answer
    B 1.5 : 1 Correct Answer Incorrect Answer
    C 3 : 1 Correct Answer Incorrect Answer
    D 2.5 : 1 Correct Answer Incorrect Answer
    E 2 : 1 Correct Answer Incorrect Answer

    Solution

    Current Assets = 8,00,000 + 6,00,000 + 3,00,000 + 1,00,000 = 18,00,000 Current Liabilities = 8,00,000 + 4,00,000 = 12,00,000 CR = 18,00,000 ÷ 12,00,000 = 1.5 : 1 

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