Read the following hypothetical extract of Aggarwal Limited and answer the given questions on the basis of the same: | ||||||||||||||||||||||||||||||||||||||||
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Quick ratio for the year 2018 will be: |
A) 1.75 : 1
B) 1.8 : 1
C) 0.94 : 1
D) 1.25 : 1
Correct Answer: A
Solution :
[a] 1.75 :1 |
Hint:\[\operatorname{Quick} Ratio =\frac{Quick Assets}{Current Liabilities}\] |
\[=\frac{5,00,000+7,50,000}{~12,500+7,00,000}\] |
\[=\frac{12,50,000}{~7,12,500}\]=1.75 : 1 |
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