Explanation:

- Current Ratio: It is the ratio between current assets and current liabilities. A ratio of 2.4:1 means for every Rs1 of liability, there are Rs2.4 of assets.

- Working Capital: This is current assets minus current liabilities. Here, it is Rs5,60,000.

- Liquid Ratio: Also known as the quick ratio, it excludes inventory from current assets. It's given as 1.5.

Calculating:

- Set liabilities as L. Then current assets = 2.4L and working capital is (2.4L - L) = Rs5,60,000, making L = Rs4,00,000.

- Current assets = 2.4 * Rs4,00,000 = Rs9,60,000.

- Liquid assets (without inventory) = 1.5 * Rs4,00,000 = Rs6,00,000.

- Inventory = Rs9,60,000 - Rs6,00,000 = Rs3,60,000.

Answer: Option 3: Rs3,60,000

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