1.

Give any two differences between current ratio & Quick ratio. 

Answer»

Current Ratio:

•  It indicates whether the firm is in a position to pay its current liabilities with in a year.

•  Ideal Standard Ratio is 2:1 

Quick Ratio: 

•  It indicates whether the firm is in a position to pay its current liabilities immediately with in a month. 

•  Quick Ratio Standard is 1:1



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