Use the following information to answer the given questio...
Use the following information to answer the given question
NNOrdinary Share Capital140,000Plant and Machinery100,00080% Preference share63,000Furniture62,000Retained earnings40,000Motor Van75,00010% Debentures60,000Stock22,000Creditors10,000Debtors26,000Accrued wages12,000Bank40,000¯325,000¯325,000
What is the current ratio?
4 : 1
3 : 1
2 : 1
1 : 1
Correct answer is A
No explanation has been provided for this answer.
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