Question 10
If the current ratio is 2:1 and the Quick ratio is 1.5:1, then which of the following is/are true? (Select all that are applicable)
Current assets are 2 times the liability
Liability is 2 times the current assets
Stocks is 0.5 times the liability
Liability is 0.5 times Stocks
Current assets are greater than stocks
Stocks are greater than current assets
None of these