Question
A company’s Balance Sheet shows the following
figures: • Current Assets amounting to ₹12,00,000, which include an Inventory balance of ₹3,00,000. • Current Liabilities are recorded at ₹6,00,000. For the purpose of liquidity assessment, analysts wish to compute the Acid-Test Ratio (Quick Ratio), Which of the following represents the correct Quick Ratio for the company?Solution
Quick assets = 12,00,000 – 3,00,000 = 9,00,000. Current liabilities = 6,00,000. Quick ratio = 9,00,000 / 6,00,000 = 1.5.
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