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Based on the Below Figures, What Is the Current Ratio

Question 11

Multiple Choice

Based on the below figures, what is the current ratio?
£ Trade payables 35,000 Trade receivables 28,000 Cash and cash equivalents 15,000 Taxation payable 12,000 Prepayments 4,000 Inventory 14,000 Accruals 6,000\begin{array}{lr}& £ \\\text { Trade payables } & 35,000 \\\text { Trade receivables } & 28,000 \\\text { Cash and cash equivalents } & 15,000 \\\text { Taxation payable } & 12,000 \\\text { Prepayments } & 4,000 \\\text { Inventory } & 14,000 \\\text { Accruals } & 6,000\end{array}


A) 1.15:1
B) 1.21:1
C) 1.24:1
D) 1.30:1

Correct Answer:

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