Explanation:

Current Ratio is 2.4 : 1 and Working Capital is Rs 5,60,000. If its Liquid Ratio is 1.5

INVENTORY= CURRENT ASSETS - LIQUID ASSETS

                    = Rs.9,60,000-Rs.6,00,000

                    =Rs. 3,60,000(ANSWER)

working note1 for current liabilities

CURRENT RATIO= CURRENT ASSETS/ CURRENT LIABILITIES

CA = 2.4

CL      1

CA= 2.4CL

WORKING CAPITAL= CURRENT ASSETS- CURRENT LIABILITIES

              Rs 5,60,000= CA - CL

(PUTTING VALUE OF CA=2.4CL)

Rs 5,60,000= 2.4CL-CL

Rs 5,60,000=1.4 CL

Rs 5,60,000=CL

         1.4

Rs 4,00,000

working note 2 for current assets

CURRENT ASSETS= WORKING CAPITAL +  CURRENT LIABILITIES

                                 = Rs.5,60,000+Rs. 4,00,000

CURRENT ASSETS= Rs. 9,60,000

Working Note 3 for liquid assets

quick ratio = liquid Assets/ current liabilities

liquid Assets = liquid ratio 

Current liabilities   

          X          =1.5

 Rs. 4,00,000     1

liquid assets=Rs.4,00,000 * 1.5 =Rs.6,00,000