Question 10
Quick ratio of a company with current liabilities of Rs. 1 crore is 0.6. If the company liquidates some long-term assets and receives 25 lakhs in cash, then its quick ratio will become _________.
0.50
0.85
0.35
0.55
Question 10: Quick ratio of a company with current liabilities of Rs.…
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Correct answer
0.85
Question 10 of 10 in the IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 16 Jul 2023, in the May 2023 term (IIT M DIPLOMA AN2 EXAM QPD2 16 JULY 2023). It carries 3 marks.
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