Accounting · Financial Ratios
'Supply Chain Systems Ltd.' provides the following data as of March 31, 2025: 1. Current Assets (CA): Rs. 100 lakh2. Current Liabilities (CL): Rs. 50 lakh3. Inventory (Stock): Rs. 20 lakh4. Contingent Liability: The company has discounted Bills of Exchange with its banker amounting to Rs. 10 lakh. This amount is not included in CL. If the discounted Bills of Exchange (Rs. 10 lakh) are now considered a Current Liability for ratio calculation, what will be the new Current Ratio and Quick Ratio respectively?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Current Ratio: 1.82; Quick Ratio: 1.45
- 2Current Ratio: 2.00; Quick Ratio: 2.00
- 3Current Ratio: 1.67; Quick Ratio: 1.33✓
- 4Current Ratio: 2.00; Quick Ratio: 1.60
Correct answer
Current Ratio: 1.67; Quick Ratio: 1.33
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