Explanation:

- Inventory Turnover Ratio is calculated as Cost of Goods Sold (COGS) divided by Average Inventory.

- Inventory at the end is Rs 20,000 more than at the beginning. If we let beginning inventory be X, ending inventory is X + 20,000.

- Revenue from Operations: Rs 3,00,000.

- Gross Profit Ratio is 25%, meaning COGS is 75% of Revenue. So, COGS = 75% of Rs 3,00,000 = Rs 2,25,000.

- With an Inventory Turnover Ratio of 4 times, Average Inventory = Rs 2,25,000 / 4 = Rs 56,250.

- Solve X + (X + 20,000) = 2 * 56,250 to find beginning inventory (X = Rs 46,250) and ending inventory (X + 20,000 = Rs 66,250).

- Quick Ratio is 0.75, thus Quick Assets = Rs 30,000 (0.75 * Current Liabilities).

- Current Assets = Quick Assets + Inventory. Thus, Current Assets = Rs 30,000 + Rs 66,250 = Rs 96,250.

- Current Liabilities are Rs 40,000, so Current Ratio = Rs 96,250 / Rs 40,000 = 2.41:1.

?? Option:1, 2.4 1: 1 is the closest correct answer.