Read the following information given in the financial statements of the company and answer the following question.

Calculate liquid assets.

₹3,00,000

The correct answer is option 1- ₹3,00,000.

Current assets = Marketable securities + trade receivables - Provision for doubtful debts + cash balance + inventories + income tax paid in advance
                        = 40,000 + 2,00,000 - 20,000 + 80,000 + 3,90,000 + 30,000
                        = ₹7,20,000

Liquid assets =  Current assets - inventories - income tax paid in advance
                      = 7,20,000 - 3,90,000 - 30,000
                      = ₹3,00,000