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    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.

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