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

The liquid Ratio for Titanic Ltd. for the year ended 31st March 2022 will be:

0.4:1

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
Liquid assets = Current assets - Stock
                      =2400000 - 1200000
                      = 1200000
Quick ratio = LA/CL
                  = 1200000/3000000
                   = 0.4:1