Based on the Below Figures, What Is the Current Ratio

question 15

Multiple Choice

Based on the below figures, what is the current ratio?
$\begin{array}{lr}&£ \\\text { Trade payables } & 35,000 \\\text { Trade receivables } & 28,000 \\\text { Cash and cash equivalents } & 15,000 \\\text { Taxation payable } & 12,000 \\\text { Prepayments } & 4,000 \\\text { Inventory } & 14,000 \\\text { Accruals } & 6,000\end{array}$

• A) 1.15:1
• B) 1.21:1
• C) 1.24:1
• D) 1.30:1

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Definitions:

Plug Weld

A type of weld used to fasten two pieces of metal together by filling a pre-drilled hole in the top piece with weld material which then attaches to the piece underneath.

Slot Weld

A type of weld used to join pieces of metal together through a slot in one piece that fits over another piece, typically used in sheet metal work.

Depth of Filling

The extent to which a cavity or mold is filled with material during a manufacturing or casting process.

Spur Gears

A type of gear with straight teeth mounted on a parallel shaft, used for transmitting motion and torque.