Mathematics · Accounting Ratios
A company has current assets of 10,00,000 rupees and current liabilities of 6,00,000 rupees. If it pays off a trade payable of 1,00,000 rupees using its bank balance, what will be the new current ratio?
- 12.00 : 1
- 21.80 : 1✓
- 31.50 : 1
- 41.67 : 1
Correct answer
1.80 : 1
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