If the current liabilities are Rs.120000 , Working capital Rs.360000 and Inventory is Rs
60000. Its quick ratio will be
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Answer:
working capital=current assets-current liability
360000 = 120000 - CL
CL = 240000
quick ratio = CA - inventory / CL
= 120000 - 60000 / 240000
60000/240000
= 1/4
= 0.25
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