📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store

    • Question

      Current ratio = 1.5 and current assets = ₹3,00,000.

      Current liabilities are:
      A ₹2,00,000 Correct Answer Incorrect Answer
      B ₹1,50,000 Correct Answer Incorrect Answer
      C ₹3,50,000 Correct Answer Incorrect Answer
      D ₹2,50,000 Correct Answer Incorrect Answer

      Solution

      Current ratio = Current Assets / Current Liabilities = 1.5. Therefore, Current Liabilities = Current Assets / 1.5 = 3,00,000 / 1.5 = ₹2,00,000.

      Practice Next
      ask-question