Explanation:

- Quick Ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It excludes inventory from current assets.

- Quick Ratio Formula: Quick Ratio = (Current Assets - Inventory) / Current Liabilities

- Given: Quick Ratio = 1.5, Current Liabilities = Rs2,00,000

- Calculate Current Assets minus Inventory:

- (Current Assets - Rs1,80,000) / Rs2,00,000 = 1.5

- Current Assets - Rs1,80,000 = Rs3,00,000

- Current Assets = Rs4,80,000 (Add Inventory back)

- Current Ratio Formula: Current Ratio = Current Assets / Current Liabilities

- Current Ratio = Rs4,80,000 / Rs2,00,000 = 2.4 : 1

- Option 1: 0.9 : 1 - This suggests fewer current assets than liabilities.

- Option 2: 1.9 : 1 - Indicates a healthier liquid position than true calculation.

- Option 3: 1.4 : 1 - Does not match data provided.

- Option 4: 2.4 : 1 - Correct based on calculations.