Use the following to answer the given question
(begin{array}{c|c} & N \ hline sales & 45,000 \ text{Opening stock} & 20,000 \ text{Closing sock} & 30,000 \ Expenses & 15,000 \ text{Fixed assets} & 40,000 \ Debtors & 10,000 \ Creditors & 5,000 \ Purchases & 25,000 end{array})
Current ratio is
(begin{array}{c|c} & N \ hline sales & 45,000 \ text{Opening stock} & 20,000 \ text{Closing sock} & 30,000 \ Expenses & 15,000 \ text{Fixed assets} & 40,000 \ Debtors & 10,000 \ Creditors & 5,000 \ Purchases & 25,000 end{array})
Current ratio is
-
A.
16 : 1 -
B.
15 : 1 -
C.
8 : 1 -
D.
2 : 1 -
E.
0.5 : 1