Question: QUESTION 4 The following balances are extracted from the statement of financial position of a company at its year end: Non-current assets: Property, plant and

QUESTION 4 The following balances are extracted from the statement of

QUESTION 4 The following balances are extracted from the statement of financial position of a company at its year end: Non-current assets: Property, plant and equipment 1,550,000 Current assets: Inventory Trade receivables 350,000 175,000 52,000 Cash Current liabilities: Bank overdrafts Trade payables Taxation due 000 213,000 50,000 Non-current liabilities: 600,000 Bank loan What is the company's current ratio at the year end? O A. 0.84 O B. 2.13 O C. 2.44 O D.2.61

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