Quick ratio of Affon Ltd. is 2.5 ∶ 1. Accountant wants to maintain it at 2∶ 1. Following options are available.
(i) He can pay off sundry creditors.
(ii) He can purchase goods on credit
(iii) He can take short-term loan from a bank
Choose the correct option.
1
Only (i) is correct
2
Only (ii) is correct
3
Only (iii) are correct
4
Only (ii) and (iii) are correct