Mathematics · Financial Accounting

Given current assets = ₹5,000,000, inventory = ₹1,000,000, and current liabilities = ₹3,000,000. What is the quick ratio of the firm?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

12.00:1
21.75:1
31.50:1
41.33:1✓

Correct answer

1.33:1

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Given current assets = ₹5,000,000, inventory = ₹1,000,000, and current liabilities = ₹3,000,000. What is the quick ratio of the firm?

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Given current assets = ₹5,000,000, inventory = ₹1,000,000, and current liabilities = ₹3,000,000. What is the quick ratio of the firm?

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