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A Company’s liquid assets are `5,00,000 and its current liabilities are `3,00,000.Thereafter, it paid `1,00,000 to its trade payables. Quick ratio will be:

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A Company’s liquid assets are `5,00,000 and its current liabilities are `3,00,000.Thereafter, it paid `1,00,000 to its trade payables. Quick ratio will be:

 Options:

A. 1.33:1
B. 2.5:1
C. 1.67:1
D. 2:1

 

The Correct Answer Is:

  • D. 2:1

 

Conclusion

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