A Company’s liquid assets are Rs. 10,00,000 and its current liabilities are Rs.8,00,000. Subsequently, it purchased goods for Rs. 1,00,000 on credit. Quick ratio will be......
A. 1.11:1
B. 1.22:1
C. 1.38 : 1
D. 1.25 : 1
Answer:A
A Company’s liquid assets are Rs. 10,00,000 and its current liabilities are Rs.8,00,000. Subsequently, it purchased goods for Rs. 1,00,000 on credit. Quick ratio will be......
A. 1.11:1 B. 1.22:1 C. 1.38 : 1 D. 1.25 : 1