Home
Class 12
ACCOUNTS
A company's Current assets are Rs. 3,00,...

A company's Current assets are Rs. 3,00,000 and its current liabilities are Rs. 2,00,000. Subsequently, it paid Rs. 50,000 to its trade payables. Current ratio will be ……….

A

`2:1`

B

`1.67:1`

C

`1.25:1`

D

`1.5:1`

Text Solution

Verified by Experts

The correct Answer is:
B
Promotional Banner

Topper's Solved these Questions

  • ACCOUNTING RATIOS

    DK GOEL|Exercise Multiple Choice Questions (Solvency Ratios)|19 Videos

  • ACCOUNTING RATIOS

    DK GOEL|Exercise Multiple Choice Questions (Activity Ratios)|31 Videos

  • ACCOUNTING FOR PARTNERSHIP FIRMS - FUNDAMENTALS

    DK GOEL|Exercise Multiple Choice Questions (viii) Guarantee of Profit to a Partner (HOTS)|13 Videos

  • ACCOUNTING TREATMENT OF GOODWILL

    DK GOEL|Exercise ILLUSTRATION 6.|1 Videos