If the current assets and current liabilities are Rs.2,000 lakh and Rs.1,200 lakh respectively. How much amount can be borrowed on a short-term basis without reducing current ratio below 1.5?
a) Rs. 400 lakhs
b) Rs. 600 lakhs
c) Rs. 500 lakhs
d) Rs. 450 lakhs
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Answer:
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Answer:
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Explanation:
400 lakhs is rhe right answer
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