Question : Which of the following is correct for the Liquid Assets :
(A) Current Assets – Prepaid Expense.
(B) Current Assets – Inventory – Prepaid Expense. 

Option 1: Option A Correct

Option 2: Option B Correct

Option 3: Both are correct

Option 4: None of the above

Question : How can you find the Quick Assets?

Option 1: Current Assets – Prepaid Expense

Option 2: Current Assets – Inventory + Prepaid Expense

Option 3: Current Assets – Inventory – Prepaid Expense

Option 4: Current Assets + Inventory – Prepaid Expense

Question : Which of the following statements is the correct answer?
A: Liquid Assets included stock as well as prepaid expenses.
B: Current Assets included stock as well as prepaid expenses.

Option 1: Option A

Option 2: Option B

Option 3: Both of the above

Option 4: None of the above

Question : Current Assets Rs.5,00,000; Current Liabilities Rs.2,50,000 and Inventory is Rs.60,000. What will be the Liquid Ratio?

Option 1: 2.02:1

Option 2: 2:1

Option 3: 3:1

Option 4: None of the above

Question : A Company’s Current Ratio is 2: 1; Current Assets are Rs.2,50,000; Inventory is Rs.60,000 and Prepaid Expenses are Rs.5,000. Its Current Liabilities will be:

Option 1: Rs.1,50,000

Option 2: 1,25,000

Option 3: 1,35,000

Option 4: None of the above