Mathematics · Ratio Analysis
A company has the following financial information for the year: Current Assets = ₹2,40,000 Inventory = ₹90,000 Current Liabilities = ₹1,20,000 Liquid Assets include cash and receivables only. What is the Quick Ratio (Acid-Test Ratio) of the company?
- 11.25 : 1✓
- 21.50 : 1
- 31.75 : 1
- 42.00 : 1
Correct answer
1.25 : 1
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