(d) Current Assets of a concem are 7,00,000. Its current ratio is 14 : 4 and Liquid Ratio) (0)3: 1. The value of its Liquid assets is: (a) 700000 (c) 6,00,000 (b) 80,000 (d) None of these
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Answer:
d
Explanation:
Liquid ratio = liquid asset÷liquid liablities
3:2= same as up
Liquid asset= 700000×3÷4=525000
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