Economics · Accounting Ratios
Given: Current Assets = ₹500 lakh, Current Liabilities = ₹250 lakh, and Quick Assets = ₹300 lakh. What are the Current Ratio (CR) and Quick Ratio (QR) respectively?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1CR = 1.8, QR = 1.2
- 2CR = 2.0, QR = 1.5
- 3CR = 2.0, QR = 1.2✓
- 4CR = 1.5, QR = 1.0
Correct answer
CR = 2.0, QR = 1.2
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