Based on the Below Figures, What Is the Quick Ratio

question 11

Multiple Choice

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

• A) 0.81:1
• B) 1.05:1
• C) 1.34:1
• D) 1.68:1

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Definitions:

Continental Rifting

The process by which a continent stretches and splits along a linear belt, leading to the formation of new oceanic crust.

Subsiding

The process of sinking or downward settling of the Earth's surface, often due to natural geological processes or human activity.

Accretionary Prism

A geological structure formed by the accumulation of sediments scraped off a subducting tectonic plate at a convergent boundary.

Strike-Slip Fault

A type of fault where the movement of the Earth's crust is predominantly horizontal, parallel to the fault's strike direction.