Mathematics · Accounting Ratios
If the current ratio is 3.5 : 1 and the quick ratio is 2 : 1, and the excess of current assets over quick assets (represented by inventory) is Rs. 24,000, then current liabilities will be:
- 1Rs. 16,000✓
- 2Rs. 17,000
- 3Rs. 16,700
- 4Rs. 16,500
Correct answer
Rs. 16,000
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