Use the following information to answer the given...
Use the following information to answer the given question
DRCRNNGoodwill10,000Plant and Machinery32,000Freehold premises50,000stock15,000debtors12,500Cash in bank7,500cash in hand2,000Profit and loss account34,000Accrued rent500Sundry creditors9500Capital¯129,000¯129,000
Current ratio
4.9: 1
4.1 : 1
3.0: 1
3.7 : 1
Correct answer is D
No explanation has been provided for this answer.
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