BUISENESS MANAGEMENT
MERCHANDISING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A company’s current assets are $18, 940, its quick assets are $10, 370 and its current liabilities are $12, 500. Its quick ratio equals:
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0.83.
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1.21.
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1.51.
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1.83.
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2.34.
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Explanation:
Detailed explanation-1: -Now let us increase the current assets and current liabilities by Rs. 100000 and calculate the new current ratio; Current ratio = 300000/200000 = 1.5:1.
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