VP Ltd. provides the following financial information: Current Ratio 1.5:1 Sales (80% Credit Sales) 150 Lakh Inventory Turnover Ratio 6 Times Average…

CA Intermediate · Financial Management and Strategic Management · PYQS · January 2025
VP Ltd. provides the following financial information: Current Ratio 1.5:1 Sales (80% Credit Sales) 150 Lakh Inventory Turnover Ratio 6 Times Average Collection Period 2 months Gross Profit Ratio 20% Quick Ratio 1:1 From the information given above, choose the correct answer to the following Q. No. 6 and 7:
(A) 20 Lakh and 20 Lakh
(B) 10 Lakh and 10 Lakh
(C) 10 Lakh and 20 Lakh
(D) 20 Lakh and 10 Lakh

Suggested Answer and Working Notes:

Correct Answer: Option (A)

20 Lakh and 20 Lakh

Topics: Part-A: Financial Management

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