Question : Trade receivable Rs. 40,000. Trade payable Rs. 20,000. Prepaid expenses Rs. 10,000. Inventory is Rs. 1,00,000 and goodwill is Rs. 15,000. The quick ratio will be
Option 1: 2.5:1
Option 2: 1:2
Option 3: 2.33:1
Option 4: 2:1

Question

Question : Trade receivable Rs. 40,000. Trade payable Rs. 20,000. Prepaid expenses Rs. 10,000. Inventory is Rs. 1,00,000 and goodwill is Rs. 15,000. The quick ratio will be

Option 1: 2.5:1

Option 2: 1:2

Option 3: 2.33:1

Option 4: 2:1

Team Careers360 · Accepted Answer

Correct Answer: 2:1

Solution : Answer = 2:1

Quick Ratio = Quick Assets / Current liabilities

Q.A = 40000

C.liab = 20,000

Q. Ratio = 40,000/20,000 = 2:1

Hence, the correct option is 4.

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Question : Trade receivable Rs. 40,000. Trade payable Rs. 20,000. Prepaid expenses Rs. 10,000. Inventory is Rs. 1,00,000 and goodwill is Rs. 15,000. The quick ratio will beOption 1: 2.5:1Option 2: 1:2Option 3: 2.33:1Option 4: 2:1

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Question : Trade receivable Rs. 40,000. Trade payable Rs. 20,000. Prepaid expenses Rs. 10,000. Inventory is Rs. 1,00,000 and goodwill is Rs. 15,000. The quick ratio will be
Option 1: 2.5:1
Option 2: 1:2
Option 3: 2.33:1
Option 4: 2:1