Q2438
A particular firm provided the following data for an accounting year Current ratio = 2.5 : 1 Liquid ratio = 1.5 : 1 Net working capital = Rs. 6,00,000 Current assets and current liabilities of the firm are, respectively:
A.
Rs. 9,00,000 and Rs. 3,00,000
B.
Rs. 10,00,000 and Rs. 4,00,000
AnswerC.
Rs. 8,50,000 and Rs. 2,50,000
D.
Rs. 7,50,000 and Rs. 1,50,000
Answer: Option B
Solution
Answer: Option B
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