Question: If current liabilities are 40 000, the current ratio is 2:1 and closing inventory (stock) is valued at 20 000, the Acid test will be

If current liabilities are 40 000, the current ratio is 2:1 and closing inventory (stock) is valued at 20 000, the Acid test will be

A) 1.5:1 B) 1:1 C) 0.5:1 D) 2.5:1

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