X' Ltd. has a liquid ratio of 2 : 1. If its stock is Rs. 40,000 and its current liabilities are of Rs. 1 Lac, its current ratio will be:
A. 1.4 times
B. 2.4 times
C. 1.2 times
D. 3.4 times
Answer: Option B
This Question Belongs to Commerce >> Accounting
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