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Accountancy
Accounting Ratios
On the basis of following information, answer the questions:
On the basis of above case, the liquid ratio is:
1:1
0.6:1
2:1
1:0.6
Liquid assets = Current assets - Inventory = 160000 - 100000 = ₹60000Liquid ratio = Liquid assets/ Current liabilities = 60000/100000 = 0.6:1