Question : Statement 1: Current Ratio of 2:1 is considered an Ideal Ratio.
Statement 2: Quick Ratio of 1:1 is considered an Ideal Ratio.
Option 1:
Statement 1 is correct, Statement 2 is wrong
Option 2: Statement 2 is correct, and Statement 1 is wrong
Option 3:
Both Statements are correct
Option 4: Both Statements are wrong
Correct Answer:
Both Statements are correct
Solution :
Current Ratio of 2:1 is considered an ideal ratio and Quick Ratio of 1:1 is considered an ideal ratio.
Hence, the correct ratio is option 3.