The current ratio of a firm having Rs. 25,000 of current assets, Rs. 30,000 of fixed assets, Rs. 5000 of current liabilities and Rs. 10,000 of fixed liabilities would be:
A. 5:1
B. 7:1
C. 10:1
D. None of these
Answer:A
The current ratio of a firm having Rs. 25,000 of current assets, Rs. 30,000 of fixed assets, Rs. 5000 of current liabilities and Rs. 10,000 of fixed liabilities would be:
A. 5:1 B. 7:1 C. 10:1 D. None of these