Use the following to answer the given question,
\(\begin{array}{c|c} & ₦ \\ \hline Premises & 100,000 \\ Plant & 50,000\\ Fixtures & 30,000\\ Stock & 2,000 \\ Debtor & 10,000\\ Cash & 10,000\\ Creditors & 20,000 \end{array}\)
Current ratio is
a
4 : 1
b
3 : 1
c
2 : 1
d
1 : 1
Explanation
Correct Option
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Discussions (1)
lahmideydev
6 years ago
Is the Stock #20,000 or #2,000 because if it is 2000 current ratio will be 1.1:1 but if it is 20,000 it will 2:1.
Please clarify.
