A Company's Current Ratio is 3 : 1; Current Liabilities are Rs2,50,000; Inventory is Rs60,000 and Prepaid Expenses are Rs5,000. Its Liquid Assets will be........

Rs6,85,000

Current Ratio= Current Assets/Current Liabilities
3/1=Current Assets/ 2,50,000
Current Assets=7,50,000
Liquid Assets= Current Assets-Inventory-Prepaid Expenses
                     = 7,50,000-60,000-5,000
                     = 6,85,000