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    Question

    Refer to the following Date for Q1-Q3 The Balance Sheet and Profit and Loss Statement of JKL Ltd is as follows: Balance Sheet Amount (Rs.) Profit & Loss Statement Amount (Rs.) Non-Current Assets 23,50,000 Revenue 60,00,000 Current Assets 31,00,000 Raw Material 37,80,000 Total Assets 54,50,000 Direct expenses 7,60,000 Share Capital 10,00,000 Overhead Expenses 6,70,000 Retained Earnings 20,00,000 Depreciation 1,00,000 Debt 14,40,000 Interest 4,00,000 Current Liabilities 10,10,000 Tax 90,000 Total Equity and Liabilities 54,50,000 Profit for the year 2,00,000

    What is the Current Ratio of JKL Ltd based on given information?

    A 0.57 Correct Answer Incorrect Answer
    B 1.03 Correct Answer Incorrect Answer
    C 1.32 Correct Answer Incorrect Answer
    D 2.15 Correct Answer Incorrect Answer
    E 3.07 Correct Answer Incorrect Answer

    Solution

    Current Ratio = Current assets/current liabilities = 31,00,000/10,10,000 = 3.07

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