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Current assets are Rs. 1,20,000 and current liabilities Rs. 60,000. What is the current ratio?
A0.5 : 1
B1 : 1
C2 : 1
D3 : 1
Answer & Solution
Correct answer: C. 2 : 1
1,20,000 divided by 60,000 equals 2, so the ratio is 2 : 1.
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