The current ratio of X limited is 2 : 1 and the quick ratio is 1.5 : 1. If the current liability is Rs. 80,000, then the value of the stock will be-
A. Rs. 1,60,000
B. Rs. 1,20,000
C. Rs. 40,000
D. Rs. 80,000
Answer: Option C
This Question Belongs to Commerce >> Accounting
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