In the name of ALLAH, the most beneficient, the most merciful

Business Finance (ACC501)

Question (select most suitable option)

  Balance sheet for a company reports current assets of Rs. 700,000 and current liabilities of Rs. 460,000. What would be the Current Ratio for the company if there is an inventory level of Rs. 120,000?
1.01 times
1.26 times
1.39 times
1.52 times