n NISM Certifications
XV NISM Series XV
Medium

Quick Ratio = 3, Current Assets = ₹75,000 (Inventory = ₹15,000). Calculate Current Ratio.

Practice question from NISM XV Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    4.79

  2. 3.75

    Correct answer

  3. C

    4.00

  4. D

    3.50

Why this is the answer

Quick Ratio = (CA − Inventory) / CL → 3 = (75,000 − 15,000) / CL → CL = 60,000 ÷ 3 = 20,000. Current Ratio = CA ÷ CL = 75,000 ÷ 20,000 = 3.75.

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