Question: Based on the figures below, what is the current ratio? Inventory 6,000 Trade Payables 12,000 Trade Receivables 11,000 Long term borrowings (Non-current liabilities) 16,000 Current

  1. Based on the figures below, what is the current ratio?

Inventory

6,000

Trade Payables

12,000

Trade Receivables

11,000

Long term borrowings (Non-current liabilities)

16,000

Current portion of long-term loans

3,000

Taxation payable (within one year)

5,000

Cash

1,000

  1. 0.50:1
  2. 0.60:1
  3. 0.75:1
  4. 0.90:1

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