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Commerce · Q1407

Accounting

Graduate and Post Graduate · Commerce · question 1407

Q1407

Current ratio 2.7 : 1, Quick Ratio 1.8 : 1, current liabilities Rs. 60,000, Value of stock will be:

A.
Rs. 60,000
B.
Rs. 54,000
Answer
C.
Rs. 1.08,000
D.
Rs. 1,62,000

Answer: Option B

Solution

Answer: Option B
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