Professional Banker Diploma - Credit & Lending Practice Questions - Professional Banker Diploma - Credit & Lending (Chartered Banker Institute) Exam

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A company has Current Assets of £600,000, of which Inventory accounts for £200,000. Its Current Liabilities stand at £300,000. What are the company's Current Ratio and Quick Ratio (Acid-Test Ratio) respectively?

Current Ratio = 2.00x; Quick Ratio = 1.33x Current Ratio = 2.00x; Quick Ratio = 2.00x Current Ratio = 1.33x; Quick Ratio = 0.67x Current Ratio = 3.00x; Quick Ratio = 2.00x

Correct Answer:

Current Ratio = 2.00x; Quick Ratio = 1.33x

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