X Ltd, has current ratio of 2 : 1 and Quick ratio of 1.5 : 1. If its current liabilities are Rs. 60,000, then the value of stock would be:
A. Rs. 1,60,000
B. Rs. 1,20,000
C. Rs. 30,000
D. Rs. 80,000
Answer: Option C
This Question Belongs to Commerce >> Accounting
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