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    Question

    A company’s current ratio is 1.5:1 and current

    liabilities are ₹4,00,000. What are its current assets?
    A ₹2,66,667 Correct Answer Incorrect Answer
    B ₹5,00,000 Correct Answer Incorrect Answer
    C ₹6,00,000 Correct Answer Incorrect Answer
    D ₹4,50,000 Correct Answer Incorrect Answer
    E ₹3,75,000 Correct Answer Incorrect Answer

    Solution

    Current Assets = Current Ratio × Current Liabilities = 1.5 × ₹4,00,000 = ₹6,00,000.

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