What will be the quick ratio of the company if its current assets are ₹29745 and the current ratio is 1.5:1, and inventories are ₹8827?

1.05:1

The correct answer is option 2- 1.05:1.

Quick ratio = quick assets / current liabilities
                = 20918/19830
                = 1.05:1

* Current ratio = current assets / current liabilities
1.5:1 = 29745/ current liabilities

Current liabilities = 29745/1.5
                          = ₹19830

* Liquid assets = current asset - inventory
                      = 29745 - 8827
                      = ₹20918