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A Company's Current Ratio is 3:1 and Liq...

A Company's Current Ratio is `3:1` and Liquid Ratio is `1.2:1`. If its Current Liabilities are Rs. 2,00,000, what will be the value of Inventory?

A

Rs. 2,40,000

B

Rs. 3,60,000

C

Rs. 4,00,000

D

Rs. 40,000

Text Solution

Verified by Experts

The correct Answer is:
B
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