Current liabilities Rs. 40,000; Current assets Rs. 1,00,000; Inventory Rs. 20,000. Quick ratio is ?? (a) 1:1 ( b) 2.5:1 (c) 2:1 (d) 1:2

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Current liabilities Rs. 40,000; Current assets Rs. 1,00,000; Inventory Rs. 20,000. Quick ratio is ?? (a) 1:1 (
b) 2.5:1 (c) 2:1 (d) 1:2
Transcribed Image Text:Current liabilities Rs. 40,000; Current assets Rs. 1,00,000; Inventory Rs. 20,000. Quick ratio is ?? (a) 1:1 ( b) 2.5:1 (c) 2:1 (d) 1:2
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