The ideal ratio for Current Ratio and Quick Ratio respectively are :

(A) 1 : 1
(B) 2 : 1
(C) no ideal ratio
(D) 1 : 2
(E) 1 : 3

Choose the correct answer from the options given below :

(B) and (A) only

The correct answer is Option (3) - (B) and (A) only.

The ideal ratios for Current Ratio and Quick Ratio can vary depending on the industry and specific circumstances of a company.

Current Ratio: A current ratio of 2:1 is often considered a standard benchmark. This means that a company's current assets are twice its current liabilities.

Quick Ratio (also known as Acid-Test Ratio): The quick ratio is considered satisfactory if it is around 1:1.