Question

A firm has total assets of ₹200 lakhs, intangible assets worth ₹50 lakhs, current assets worth ₹60 lakhs, current liabilities of ₹40 lakhs, and total debt including preference shares of ₹80 lakhs. What is the Asset Coverage Ratio?

A 1.10
B 1.25
C 1.38
D 1.50
E 1.75
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