A firm has total current assets of Rs. 10,000 (including inventory of Rs. 4,000), and total current liabilities of Rs. 3,000. What will be the amount of short-term bank borrowings to make the quick ratio 1.5:
A. Rs. 11,000
B. Rs. 5,000
C. Rs. 3,000
D. Rs. 1,000
Answer: Option D
This Question Belongs to Commerce >> Accounting
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