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    Question

    A company reports: • Current Assets = ₹12

    lakh • Current Liabilities = ₹6 lakh • Inventory = ₹2 lakh What is the Quick Ratio?
    A 1.00 Correct Answer Incorrect Answer
    B 1.33 Correct Answer Incorrect Answer
    C 1.67 Correct Answer Incorrect Answer
    D 2.00 Correct Answer Incorrect Answer
    E 0.83 Correct Answer Incorrect Answer

    Solution

    Quick Assets = Current Assets – Inventory = ₹12 lakh – ₹2 lakh = ₹10 lakh Quick Ratio = Quick Assets / Current Liabilities = ₹10 lakh / ₹6 lakh = 1.67

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