Mathematics · Liquidity Ratios Calculation
A company reports the following balances at the end of its financial year: Total Current Assets: ₹7,50,000 Inventories: ₹1,80,000 Prepaid Expenses: ₹20,000 Current Liabilities: ₹2,75,000 Based on the formula for Quick Ratio (Acid-Test), calculate the ratio for this firm.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12.7
- 22.4
- 31.5
- 42.0✓
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2.0
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