Current Ratio of a Company is 2.4: 1 and its Current Liabilities are 2,00,000. Subsequently, it...

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Current Ratio of a Company is 2.4: 1 and its Current Liabilities are 2,00,000. Subsequently, it sold goods costing * 1,00,000 at a profit of 40%, half of which was on Credit. Current ratio will be: a) 3.1:1 b) 2.6: 1 c) 2.4:1 d) 2.5:1 Current Ratio of a Company is 2.4: 1 and its Current Liabilities are 2,00,000. Subsequently, it sold goods costing * 1,00,000 at a profit of 40%, half of which was on Credit. Current ratio will be: a) 3.1:1 b) 2.6: 1 c) 2.4:1 d) 2.5:1

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Current Liabilities 200000 Now the company sells goods costing 100000 at a pr... View the full answer