SOLUTION
Quick ratio = Quick Assets / Current assets
= 2: 1
Quick Assets = 12,00,000
Current liabilities Quick assets / 2 = 12,00,000 / 2
= 6,00,000
Current Assets = Quick Assets + Stock
= 12,00,000 + 3,00,000
= 15,00,000
Current ratio = Current assets / Current liabilities
= 15,00,000 / 6,00,000
= 2.5: 1