12th Class Accountancy Accounting Ratios Question Bank MCQs - Accounting Ratios

  • question_answer
    The ratio of Current Assets (Rs.10,00,000) to Current Liabilities (Rs.4,00,000) is 2.5 :1. The accountant of the firm is interested in maintaining a Current Ratio of 1.8 : 1, by acquiring some Current Assets on Credit. Current asset acquired will be:

    A) 3,50,000

    B) 2,80,000 

    C) 1,50,000

    D) 3,00,000

    Correct Answer: A

    Solution :


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