Based on following information of a company as at 31 March, 2017. Answer question.
|
Items |
Amount (₹) |
|
Inventory |
1,00,000 |
|
Total Current Assets |
1,60,000 |
|
Shareholders Fund |
4,00,000 |
|
13% Debentures |
3,00,000 |
|
Current liabilities |
1,00,000 |
|
Net Profit before Tax |
3,51,000 |
|
Cost of Revenue from operations |
5,00,000 |
What will be the Current Ratio of Company?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → 1.6 : 1
Current Ratio = Current Assets / Current Liabilities
= 1,60,000 / 1,00,000
= 1.6 : 1