Question 1
XYZ Inc. has quick assets of ₹ 5,50,000 and current liabilities of ₹ 2,50,000. The company purchased ₹ 85,500 in inventory on credit. After the purchase, the quick ratio would be
1.6
2.5
2.0
2.2
Question 1: XYZ Inc. has quick assets of ₹ 5,50,000 and current liabi…
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Correct answer
1.6
Question 1 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 2 paper sat on 6 Aug 2023, in the May 2023 term (IIT M DEGREE AN3 EXAM QPE3 06 Aug 2023). It carries 1 mark.
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