question_answer

Read the following hypothetical extract of Rehan Limited and answer the given questions on the basis of the same 37 to 40 :

YEAR	2020	2019	2018
AMOUNT	(IN Rs.)	(IN Rs.)	(IN Rs.)
Outstanding Expenses	50,000	40,000	25,000
Prepaid Expenses	3,00,000	2,50,000	3,50,000
Trade Payables	18,00,000	16,00,000	14,00,000
Inventory	12,00,000	10,00,000	11,00,000
Trade Receivables	11,00,000	8,00,000	10,00,000
Cash in hand	17,00,000	12,00,000	15.00,000
Revenue from operations	24,00,000	18,00,000	20,00,000
Gross Profit Ratio	12%	15%	18%

Current Ratio for the year 2020 will be _________ (Choose the correct alternative)

A) 2:1

B) 1.8:1

C) 2.32:1

D) 2.4:1