Question : Can Current Ratio and Quick Ratio be same at any moment?
Option 1: No
Option 2: Yes
Option 3: Can't say
Option 4: None of the above
Answer (1)
8th Jan, 2024
Correct Answer: Yes
Solution : Answer = Yes
If there is no closing stock, both the Current Ratio and Quick Ratio can be the same at any moment. This is because the Quick Ratio excludes inventory from current assets, making it identical to the Current Ratio without inventory.
Hence, the correct option is 2.
Comments (0)
