Question : A Company's liquid assets are Rs.2,50,000 and its current liabilities are Rs.1,50,000. Thereafter, it paid Rs.50,000 to its trade payables. The quick ratio will be:
Option 1: 1.33:1
Option 2: 2.5:1
Option 3: 1.67:1
Option 4: 2:1
Answer (1)
15th Jan, 2024
Correct Answer: 2:1
Solution : Answer = 2:1
Quick Ratio= $\frac{\text{Quick Assets}}{\text{Current liabilities}}$
New quick Assets = 2,50,000 - 50,000 = 2,00,000
New Current liabilities = Current liabilities – paid to trade payable
= 1,50,000 - 50,000
= 1,00,000
New Quick Ratio = 2,00,000/1,00,000= 2:1.
Hence, the correct option is 4.
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