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Current liabilities are Rs. 1,00,000, current ratio 2.5 : 1 and quick ratio 1.5 : 1. What is the inventory?

ARs. 50,000
BRs. 1,00,000
CRs. 1,50,000
DRs. 2,50,000
Answer & Solution
Correct answer: B. Rs. 1,00,000
Current assets are 2,50,000 and quick assets 1,50,000, so inventory is the difference of 1,00,000.
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