Based on following information of a company as at 31 March, 2017. Answer question.

Calculate Liquid Assets and Quick Ratio of the Company.

₹60,000; 0.6 : 1

The correct answer is Option (1) → ₹60,000; 0.6 : 1 

Liquid Assets = Current assets – Inventory
                   = 1,60,000 – 1,00,000
                   = 60,000

Liquid Ratio = Liquid Assets / Current Liabilities
                 = 60,000 / 1,00,000
                 = 0.6 : 1