Use the following information to answer the given question
(begin{array}{c|c} & N & & N \ hline text{Ordinary Share Capital} & 140,000 & text{Plant and Machinery} & 100,000 \ text{80% Preference share} & 63,000 & text{Furniture} & 62,000 \ text{Retained earnings} & 40,000 & text{Motor Van} & 75,000 \ text{10% Debentures} & 60,000 & Stock & 22,000 \ Creditors & 10,000 & Debtors & 26,000 \ text{Accrued wages} & 12,000& Bank & 40,000 \ & overline{325,000} & & overline{325,000}end{array})
What is the current ratio?
(begin{array}{c|c} & N & & N \ hline text{Ordinary Share Capital} & 140,000 & text{Plant and Machinery} & 100,000 \ text{80% Preference share} & 63,000 & text{Furniture} & 62,000 \ text{Retained earnings} & 40,000 & text{Motor Van} & 75,000 \ text{10% Debentures} & 60,000 & Stock & 22,000 \ Creditors & 10,000 & Debtors & 26,000 \ text{Accrued wages} & 12,000& Bank & 40,000 \ & overline{325,000} & & overline{325,000}end{array})
What is the current ratio?
-
A.
4 : 1 -
B.
3 : 1 -
C.
2 : 1 -
D.
1 : 1