Question : Current Assets Rs.5,50,000; Current Liabilities Rs.2,00,000 and Inventory is Rs.1,50,000. The liquid Ratio will be :
Option 1: 2:1
Option 2: 2.75:1
Option 3: 1:1
Option 4: 3:1
Answer (1)
24th Jan, 2024
Correct Answer: 2:1
Solution :
Liquid asset = Current asset - Stock =550000-150000=400000
Current liability = 200000
Liquidity Ratio = Current Asset/Current Liability = 400000 / 200000 = 2:1
Hence option 1 is the correct answer.
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