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: