Following is the Balance Sheet of Titanic Ltd. as at March 31, 2022.

Current Ratio for Titanic Ltd. for the year ended March 31, 2022 will be:

0.8:1

Current Assets =Inventories + Trade Receivables + Cash and Cash equivalent + Short-term loans & advances
                         = 12,00,000 + 9,00,000 + 2,28,000 + 72,000
                         = 2400000
Current liabilities = Short term borrowings + Trade Payables + Short-term Provisions
                            = 6,00,000 + 23,40,000 + 60,000
                             = 3000000
Current ratio = CA/CL
                      = 2400000/3000000
                      = 0.8:1