Home
Class 12
ACCOUNTS
A company's liquid assets are Rs. 10,00,...

A company's liquid assets are Rs. 10,00,000 and its current liabilities are Rs. 8,00,000. Subsequently, it purchased goods for Rs. 1,00,000 on credit. Quick ratio will be ……….

A

`1.11:1`

B

`1.22:1`

C

`1.38:1`

D

`1.25:1`

Text Solution

Verified by Experts

The correct Answer is:
A
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

Similar Questions

Explore conceptually related problems

Total assets in a business are Rs 8,00,000 and total liabilities are Rs 5,00,000. The difference is called :