Read the following hypothetical extract of Aggarwal Limited and answer the given questions on the basis of the same: | ||||||||||||||||||||||||||||||||||||||||
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Current ratio for the year 2020 will be: |
A) 2 : 1
B) 1.8 : 1
C) 2.32 : 1
D) 2.4 : 1
Correct Answer: C
Solution :
[c] 2.32 : 1 |
Hint: \[\operatorname{Current} Ratio =\frac{Current Assets}{~Current Liabilities}\] |
=\[\frac{1,50,000+6,00,000+5,50,000+8,50,000}{~25,000+9,00,000}\] |
=\[\frac{21,50,000}{9,25,000}\]=2.32 : 1 |
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