Which following formula$($s$)$ concerning the current ratio is right?

I. $\frac{\text{T}\text{o}\text{t}\text{a}\text{l}\text{a}\text{s}\text{s}\text{e}\text{t}}{\text{T}\text{o}\text{t}\text{a}\text{l}\text{d}\text{e}\text{b}\text{t}}$

II$.\frac{\text{C}\text{u}\text{r}\text{r}\text{e}\text{n}\text{t}\text{a}\text{s}\text{s}\text{e}\text{t}}{\text{C}\text{u}\text{r}\text{r}\text{e}\text{n}\text{t}\text{l}\text{i}\text{a}\text{b}\text{i}\text{l}\text{i}\text{t}\text{y}}$

III. $\frac{\text{T}\text{o}\text{t}\text{a}\text{l}\text{a}\text{s}\text{s}\text{e}\text{t}-\text{F}\text{i}\text{x}\text{e}\text{d}\text{a}\text{s}\text{s}\text{e}\text{t}}{\text{T}\text{o}\text{t}\text{a}\text{l}\text{a}\text{s}\text{s}\text{e}\text{t}-\text{T}\text{o}\text{t}\text{a}\text{l}\text{e}\text{q}\text{u}\text{i}\text{t}\text{y}}$

IV$.\frac{\text{T}\text{o}\text{t}\text{a}\text{l}\text{a}\text{s}\text{s}\text{e}\text{t}-\text{F}\text{i}\text{x}\text{e}\text{d}\text{a}\text{s}\text{s}\text{e}\text{t}}{\text{T}\text{o}\text{t}\text{a}\text{l}\text{d}\text{e}\text{b}\text{t}-\text{l}\text{o}\text{n}\text{g}\text{t}\text{e}\text{r}\text{m}\text{d}\text{e}\text{b}\text{t}}$

II only

II and III only

II and IV only

I and III only