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A Company's Current Ratio is 3:1, Curren...

A Company's Current Ratio is `3:1`, Current Liabilities are Rs. 2,50,000, Inventory is Rs. 60,000 and Prepaid Expenses are Rs. 5,000. Its Liquid Assets will be:

A

Rs. 6,90,000

B

Rs. 6,95,000

C

Rs. 6,85,000

D

Rs. 8,15,000

Text Solution

Verified by Experts

The correct Answer is:
C
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