Question

current assets and current liabilities of company 23,25,000 and 9,56,000 respectively. Company is going to increase the inventory by taking short-term note. The current ratio should not exceed 2. What is the maximum amount of inventory that can be increased ?

a) 4,13,000
b) 2,06,500
c) 8,26,000
d) 4,78,000

Answer 1

Answer:

OPTION C IS THE CORRECT ANSWER.

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