Financial and Management Accounting

1: Given that current liabilities are at Rs. 300,000, current ratio is 3:1 and quick ratio is 1:1, the value of stock will be:
A.

Rs. 600,000

B.

Rs. 1,600,000

C.

Rs. 900,000

D.

Rs. 12,00,000

 

Answer : A

Explanation :

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Option: A

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