Vidyalelo
Commerce · Q1682

Accounting

Graduate and Post Graduate · Commerce · question 1682

Q1682

'X' Ltd. has a liquid ratio of 2 : 1. If its stock is Rs. 40,000 and its current liabilities are of Rs. 1 Lac, its current ratio will be:

A.
1.4 times
B.
2.4 times
Answer
C.
1.2 times
D.
3.4 times

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board