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Question

‘X’ Ltd. has a liquid ratio of 2 : 1. If its stock is ` 40,000 and its current liabilities are of ` 1 Lac, its current ratio will be :

A 1.4 times
B 2.4 times
C 1.2 times
D 3.4 times

Answer & Explanation

Answer:2.4 times

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